SALT LAKE CITY, Nov. 26 /PRNewswire/ -- Franklin Covey (NYSE: FC), a
leading global learning and performance solutions firm, today announced its
tender offer for up to 7,333,333 shares of its outstanding common stock for
$6.00 per share. The offer will be open through Midnight, Eastern Time,
December 21, 2001. Holders will have until then, unless the offering period
is extended by Franklin Covey, to tender their shares to the Depositary or to
withdraw previously tendered shares. Shares can only be tendered under cover
of the Letter of Transmittal which will be sent to Franklin Covey
stockholders.
The tender offer is not conditioned on any minimum number of shares being
tendered. It is, however, subject to other conditions set forth in the Offer
to Purchase and the related Letter of Transmittal, including the completion of
the pending sale of Franklin Covey's wholly-owned subsidiary, Premier Agendas,
Inc. Franklin Covey has retained ThinkEquity Partners LLC and Georgeson
Shareholder Securities Corporation to act as Dealer Managers, Georgeson
Shareholder Communications Inc. to act as Information Agent and Alpine
Fiduciary Services, Inc. to act as Depositary in connection with the tender
offer.
FRANKLIN COVEY'S BOARD OF DIRECTORS HAS APPROVED THE OFFER. HOWEVER,
NEITHER FRANKLIN COVEY NOR ITS BOARD OF DIRECTORS IS MAKING ANY RECOMMENDATION
TO ITS STOCKHOLDERS AS TO WHETHER TO TENDER OR REFRAIN FROM TENDERING THEIR
SHARES. STOCKHOLDERS MUST MAKE THEIR OWN DECISION AS TO WHETHER TO TENDER
THEIR SHARES AND, IF SO, HOW MANY SHARES TO TENDER.
This press release is not an offer to purchase nor a solicitation of an
offer to sell shares of Franklin Covey. Holders of common stock will receive,
or can request copies of, the Offer to Purchase and the Letter of Transmittal
and are advised to read these documents carefully because they contain
important information about the tender offer. The information required to be
disclosed in response to Rule 13e-4(d)(1) of the Exchange Act is incorporated
herein by this reference from the Offer to Purchase and related documents.
The Offer to Purchase and other documents filed by the Company in connection
with the tender offer are available for free at the website of the Securities
and Exchange Commission ( http://www.sec.gov ) or from the Information Agent.
Franklin Covey will be mailing the offer to purchase, the transmittal letter
and accompanying documents to its stockholders. Stockholders who do not
receive a copy or who wish to request a copy of the tender offer documents
should contact the Information Agent, Georgeson Shareholder Communications
Inc., at (800) 223-2064. The offer to purchase shares will not be made to,
and tenders will not be accepted from or on behalf of, holders of shares in
any jurisdiction in which making or accepting the offer to purchase would
violate that jurisdiction's laws.
About Franklin Covey Co.
Franklin Covey Co. is a leading learning and performance services firm
assisting professionals and organizations in measurably increasing their
effectiveness in leadership, productivity, communication and sales. Clients
include 80 of the Fortune 100, more than three-quarters of the Fortune 500,
thousands of small- and mid-sized businesses, as well as numerous government
entities. Organizations and professionals access Franklin Covey services and
products through consulting services, licensed client facilitators, one-on-one
coaching, public workshops, catalogs, more than 160 retail stores,
http://www.franklincovey.com and http://www.franklinplanner.com . More than 3,500 Franklin
Covey associates provide professional services and products in 44 offices in
38 countries.
For further information, please contact Georgeson Shareholder
Communications Inc., +1-800-223-2064, for Franklin Covey Co.
SOURCE Franklin Covey Co.
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Related links:
http://www.franklincovey.com
Company News On-Call:
http://www.prnewswire.com/comp/107086.html
CONTACT:
Georgeson Shareholder Communications Inc.,
+1-800-223-2064, for Franklin Covey Co.
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