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Letter to the Editor
Thursday September 9
CCC Information Services Group Announces Final Results of Self-Tender Offer
CCC Information Services Group Announces Final Results of Self-Tender Offer CCC Information Services Group Inc. has announced the final results of its self-tender offer to purchase up to 11,200,000 shares of its common stock at a price of $18.75 per share. The self-tender offer expired at 5:00 p.m., New York City time, on August 30, 2004.A total of 25,229,409 shares of CCC's common stock were tendered and delivered pursuant to the offer, of which CCC has accepted 11,200,000 shares.
Because the offer was oversubscribed, a proration factor of approximately 44.1049 percent for shares of CCC's common stock tendered will be applied, except that all shares tendered from holders of less than 100 shares will be repurchased.
As a result of the completion of the offer, the company has approximately 15,862,022 shares of its common stock issued and outstanding as of the time immediately following payment for the tendered shares.
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