Bankrate, Inc. (NYSE:RATE) Files An 8-K Other EventsItem 8.01 Other Events.
On July 3, 2017, Bankrate, Inc.(“Bankrate”) issued a press release announcing the entry into a merger agreement providing for the acquisition of Bankrateby Red Ventures Holdco, LP (“Red Ventures”),subject to the terms and conditions contained therein. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Additional Information and Where to Find It
This communication relates to the proposed merger transaction involving Bankrate, Inc. (“Bankrate”).In connection with the proposed merger, Bankrate will file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including Bankrate’s proxy statement on Schedule 14A (the “Proxy Statement”).This communication is not a substitute for the Proxy Statement or any other document that Bankrate may file with the SEC or send to its stockholders in connection with the proposed merger.BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS OF BANKRATE ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.Investors and security holders will be able to obtain the documents (when available) free of charge at the SEC’s website, http://www.sec.gov, and Bankrate’s website, www.bankrate.com.In addition, the documents (when available) may be obtained free of charge by directing a request to Ken Stelzer by email at [email protected] or by calling 917-438-9544.
Participants in Solicitation
The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of Bankrate common stock in respect of the proposed transaction.Information about the directors and executive officers of Bankrate is set forth in the proxy statement for Bankrate’s 2017 annual meeting of stockholders, which was filed with the SEC on April 28, 2017, and in other documents filed by Bankrate with the SEC.Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC in respect of the proposed transaction when they become available.
Item 9.01 Financial Statements and Exhibits.
Exhibit No.Description of Exhibit
99.1 Press Release, dated July 3, 2017.
Bankrate, Inc. ExhibitEX-99.1 2 rate-20170703xex99_1.htm EX-99.1 Exhibit 991 Press Release 3 July 17 Exhibit 99.1 Bankrate to Be Acquired by Red Ventures for $14.00 per Share Transaction to Enhance Connectivity between Financial Services Providers and Consumers Transaction Enterprise Value of $1.4 Billion NEW YORK,…To view the full exhibit click
About Bankrate, Inc. (NYSE:RATE)
Bankrate, Inc. (Bankrate) is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company operates through segments, including Banking, Credit Cards, Senior Care and Other. The Company provides a range of digital display advertising formats. It sells to advertisers targeting a specific audience in a city or state and to national advertisers targeting the entire Country. It is also engaged in the sale of print advertisements and the distribution (or syndication) of its editorial content. It offers branded content that educates consumers and financial professionals on a range of personal finance topics. It provides a platform for consumers searching for competitive rates on mortgages, deposits and money market accounts.