John Wiley & Sons, Inc. to Complete Acquisition of Hungry Minds, Inc.
Wiley will acquire control of Hungry Minds today by virtue of its purchase of tendered shares. Wiley intends to complete a "short form" second-step cash merger at $6.09 net per share as soon as practicable, pursuant to which HMI Acquisition will acquire the remaining outstanding shares, with each share of HMIN common stock to be converted into the right to receive $6.09 in cash, without interest, the same consideration paid for the shares in the tender offer, subject to dissenters┐ rights. Upon completion of the merger, HMI Acquisition will be merged with and into Hungry Minds and the survivor will become an indirect wholly owned subsidiary of Wiley.
About John Wiley & Sons, Inc.
Founded in 1807, Wiley provides must-have content and services to customers worldwide. Our core businesses include scientific, technical, and medical journals, encyclopedias, books, and online products and services; professional and consumer books and subscription services; educational materials for undergraduate and graduate students and lifelong learners. Wiley has publishing, marketing, and distribution centers in the United States, Canada, Europe, Asia, and Australia. The company is listed on the New York Stock Exchange under the symbols JWa and JWb. Wiley┐s recently relaunched Internet site can be accessed at http://www.wiley.com.