Convergys accepts 89% of Intervoice's shares for payment; merger to close by Thursday

By Lisa Kerner

Charlotte, N.C., Sept. 3 - Convergys Corp. had accepted and purchased approximately 89% of Intervoice, Inc.'s outstanding shares in its tender offer as of Tuesday.

The acquisition is now expected to close on or before Thursday, a Convergys news release said.

In July Convergys, a Cincinnati-based relationship management solutions provider, announced it would acquire Intervoice for $335 million in cash, or $8.25 per share.

All Intervoice shares that were not purchased in the tender offer will be converted into $8.25 per share upon completion of the merger, Convergys said.

On Tuesday, Convergys said it is evaluating a potential separation of its information management business to create two independent, publicly traded companies.

Dallas-based Intervoice provides converged voice and data solutions for the network and enterprise markets.

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