Following receipt of the consent of the holders of at least 66 2/3% in aggregate principal amount of the outstanding Notes, the Company will execute a supplemental indenture effecting the proposed amendments. Notes tendered and consents delivered may not be withdrawn after 5:00 p.m., New York City time, on June 9, 2011, unless such deadline is extended or earlier terminated.
The Offer is being made in connection with the sale by JLL PharmaNet Holdings, LLC, a Delaware limited liability company, of all of the issued and outstanding shares of capital stock of PDGI Holdco, Inc., a Delaware corporation, a holding company that owns all of the issued and outstanding shares of capital stock of the Company, to inVentiv Health (the "Transaction"). The Offer is subject to a number of conditions that are set forth in the Offer to Purchase, including, without limitation, (i) the consummation of the Transaction, (ii) the receipt of the required consents to amend and supplement the indenture governing the Notes and (iii) the execution and delivery of a supplemental indenture effecting such amendments by the applicable parties, all as more fully described in the Offer to Purchase.
The Company has engaged Jefferies & Company, Inc. and UBS Securities LLC as Dealer Managers and Solicitation Agents for the Offer. Persons with questions regarding the Offer should contact Jefferies at (888) 708-5831 (toll free) or (203) 708-5831 (collect) or UBS Investment Bank at or (888) 719-4210 (toll free) or (203) 719-4210 (collect). Requests for copies of the Offer to Purchase or other tender offer materials m
|SOURCE PharmaNet Development Group, Inc.|
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