Publicis Groupe today
announced that it has extended its previously announced tender offer to
purchase all of the outstanding shares of common stock of Sapient Corporation for
$25.00 per share in cash (the “Offer”). The Offer will now expire at the end of
the day, immediately after 11:59 p.m., New York City time, on January 7, 2015,
unless it is further extended. All other terms and conditions of the Offer
remain unchanged.
The completion of the Offer is subject to certain customary
terms and conditions. As previously disclosed, the mandatory waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has
expired and the Offer has been cleared unconditionally under the German Act
Against Restraints of Competition. The Offer has been extended to allow
additional time for the satisfaction of the CFIUS Condition and the FOCI
Mitigation Plan Condition, each as defined in the Offer to Purchase dated
November 12, 2014, as amended, and other related materials by which the Offer
is being made.
Computershare Trust Company, N.A., the depositary for the
Offer, has advised Publicis that as of 5:00 p.m., New York City time, on
December 23, 2014, approximately 116,557,426 shares of common stock of Sapient
have been validly tendered and not withdrawn pursuant to the Offer, representing
approximately 79.6% of Sapient’s outstanding shares. Shareholders who have
already tendered their shares of common stock of Sapient do not have to re-tender
their shares or take any other action as a result of the extension of the
Offer.