Bright Horizons Family Solutions, Inc. to Report First Quarter 2008 Results
SOURCE:
Bright Horizons Family Solutions
2008-04-08 14:06:00
Bright Horizons Family Solutions, Inc. to Report First Quarter 2008 Results
BOSTON, MA–( EMWNews – April 8, 2008) – Bright Horizons Family Solutions, Inc. (
April 25, 2008. The earnings release will be available on the Company’s
website and will also be available on a Current Report on Form 8-K to be
filed with the Securities and Exchange Commission shortly thereafter.
Due to the previously announced agreement and plan of merger providing for
the acquisition of Bright Horizons by an affiliate of Bain Capital
Partners, LLC, the Company will not host a conference call or webcast
regarding its first quarter 2008 results.
About Bright Horizons
Bright Horizons Family Solutions is the world’s leading provider of
employer-sponsored child care, early education and work/life consulting
services, managing more than 600 early care and family centers in the
United States, the United Kingdom, Ireland and Canada. Bright Horizons
serves more than 700 clients, including more than 95 FORTUNE 500 companies
and 75 of the “100 Best Companies” as recognized by Working Mother
magazine. Bright Horizons is one of FORTUNE magazine’s “100 Best Companies
to Work For.”
About Bain Capital
Bain Capital, LLC (www.baincapital.com) is a global private investment firm
that manages several pools of capital including private equity, venture
capital, public equity and leveraged debt assets with more than $65 billion
in assets under management. Since its inception in 1984, Bain Capital has
made private equity investments and add-on acquisitions in more than 300
companies in a variety of industries around the world, and has a team of
more than 300 professionals dedicated to investing in and supporting its
portfolio companies, including such leading companies as Dunkin’ Donuts,
Michaels Stores and Domino’s Pizza. Headquartered in Boston, Bain Capital
has offices in New York, London, Munich, Hong Kong, Shanghai and Tokyo.
Important Information About the Transaction
In connection with the proposed merger, Bright Horizons Family Solutions,
Inc. has filed a definitive proxy statement with the Securities and
Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ
THE DEFINITIVE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION
ABOUT THE MERGER AND THE PARTIES THERETO. Investors and security holders
may obtain a free copy of the definitive proxy statement and other
documents filed by Bright Horizons at the Securities and Exchange
Commission’s Web site at http://www.sec.gov/. The definitive proxy
statement and such other documents may also be obtained for free from
Bright Horizons at http://www.brighthorizons.com/proxy or by directing such
request to Stephen I. Dreier, Chief Administrative Officer and Secretary,
200 Talcott Avenue South, Watertown, Massachusetts 02472, (617) 673-8000.
Bright Horizons and its directors, executive officers and other members of
its management and employees may be deemed to be participants in the
solicitation of proxies from its shareholders in connection with the
proposed merger. Information concerning the interests of Bright Horizons’
participants in the solicitation, which may be different than those of
Bright Horizons shareholders generally, is set forth in the definitive
proxy statement and Annual Report on Form 10-K, previously filed with the
Securities and Exchange Commission.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on current
Bright Horizons management expectations. Those forward-looking statements
include all statements other than those made solely with respect to
historical fact. Numerous risks, uncertainties and other factors may cause
actual results to differ materially from those expressed in any
forward-looking statements. These factors include, but are not limited to,
(1) the occurrence of any event, change or other circumstances that could
give rise to the termination of the merger agreement; (2) the outcome of
any legal proceedings that have been or may be instituted against Bright
Horizons and others relating to the merger agreement; (3) the inability to
complete the merger due to the failure to obtain shareholder approval or
the failure to satisfy other conditions to consummation of the merger; (4)
the failure to obtain the necessary debt financing arrangements set forth
in commitment letters received in connection with the merger; (5) the
failure of the merger to close for any other reason; (6) risks that the
proposed transaction disrupts current plans and operations and the
potential difficulties in employee retention as a result of the merger; (7)
the effect of the announcement of the merger on our customer relationships,
operating results and business generally; (8) the ability to recognize the
benefits of the merger; (9) the amount of the costs, fees, expenses and
charges related to the merger and the actual terms of certain financings
that will be obtained for the merger; and (10) the impact of the
substantial indebtedness incurred to finance the consummation of the
merger. Many of the factors that will determine the outcome of the subject
matter of this press release are beyond Bright Horizons’ ability to control
or predict. Bright Horizons undertakes no obligation to revise or update
any forward-looking statements, or to make any other forward-looking
statements, whether as a result of new information, future events or
otherwise.
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