ACI extends expiration date for S1 offer
ACI Worldwide, Inc. (Nasdaq:ACIW) announced today that it has extended its exchange offer for all of the outstanding shares of common stock of S1 Corporation (Nasdaq:SONE) to 5:00 p.m., Eastern Time, on Monday, October 31, 2011, unless extended.
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As of 5:00 p.m., Eastern Time, on Tuesday, September 27, 2011, 12,965,097 shares of S1 common stock had been tendered in, and not withdrawn from, the exchange offer.
In connection with the extension of the expiration date for its exchange offer, ACI stated that it withdrew its prior filing under the Hart-Scott-Rodino Antitrust Improvements Act, as amended (the "HSR Act"), but plans to refile it today, after which the waiting period under the HSR Act would expire on Friday, October 28, 2011, unless terminated earlier.