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May 23, 2007

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ACXIOM TO BE ACQUIRED FOR $3 BILLION...Acxiom Corporation has entered into a definitive agreement to be acquired by Silver Lake, a leading investment firm focused on large-scale investments in technology-driven growth industries, and ValueAct Capital, one of the largest investment firms that makes strategic block and control investments in public and private companies. Silver Lake and ValueAct Capital will acquire 100 percent of the outstanding equity interests in the company in an all-cash transaction valued at $3 billion, including the assumption of approximately $756 million of debt.

LAPHEN NAMED CEO OF CSC...Computer Sciences Corporation has elected CSC President and Chief Operating Officer Michael W. Laphen to the position of chief executive officer, effective immediately. Laphen, 56, succeeds Van B. Honeycutt, 62, who will remain as chairman and a CSC employee through his current term, which expires on July 30, 2007. Laphen, who retains the position of president, will become chairman at that time.

PRUDENTIAL RENEWS ANTARES CONTRACT UNTIL 2017...Antares Management Solutions has received a contract renewal to provide full Business Process Outsourcing (BPO) services for Prudential's individual health insurance business through the year 2017. Under terms of the ten-year contract extension, Antares will continue to assume all administration duties,including full claims processing, customer service, premium administration, benefit and policy administration, financial administration and reporting, along with banking services, imaging and compliance management.

CAPGEMINI SPONSORS PLATT'S CONFERENCE...Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing, today announced it will be the exclusive principal sponsor of the Platts 4th Annual Utility M&A Conference, June 25-26, 2007 at the Marriott New York Financial Center. Platts, the world’s largest and most authoritative source of energy industry information and service, is hosting the conference.

Posted by jbowles at May 23, 2007 07:48 PM