Published:
West Corporation Announces Successful Tender Offer for Genesys

West Corporation ("West") announces that the
French Autorité des marchés financiers ("AMF") today published the
preliminary results of the offer of West International Holdings Limited
("WIH"), its wholly-owned subsidiary, for Genesys SA ("Genesys"). These
results indicate that, as of the expiration of the offer, in aggregate,
64,224,366 Genesys shares had been tendered into the offer, including the
Genesys shares represented by ADSs tendered into the offer, representing
91.90% of the share capital and the voting rights of Genesys on an issued
and outstanding basis. On a fully-diluted basis, Genesys shares
representing 85.49% of the share capital and the voting rights of Genesys
have been tendered. The AMF has therefore determined that the minimum
tender condition to the offer has been satisfied and that the offer has
been successful.
West expects that the AMF will announce the final results of the offer on
May 16, 2008. West expects that the settlement of the offer and the
delivery of the offer consideration in respect of tendered Genesys ordinary
shares will occur on Thursday, May 22, 2008 and in respect of Genesys ADSs
tendered in the offer no later than Wednesday, May 28, 2008 (to allow for
the necessary foreign exchange conversions). Assuming the final results
confirm these preliminary results, as previously disclosed and in
accordance with the rules and regulations of the AMF, West will provide a
subsequent offering period of at least 10 French trading days.
Conference Call
The Company will hold a conference call to discuss these topics on
Thursday, May 22, 2008 at 11:00 AM Eastern Time (10:00 AM Central Time).
Investors may access the call by visiting the Financials section of the
West Corporation website at www.west.com and clicking on the Webcast link.
A replay of the call will also be available on the website.
Additional Information and Forward-Looking Statements
This announcement does not constitute an offer to sell or an invitation to
purchase any securities or the solicitation of an offer to purchase or
subscribe for any securities.
West International Holdings Limited filed a Tender Offer Prospectus (Note
d'Information) with the AMF on February 19, 2008, which was approved by the
AMF on March 18, 2008, and filed other related offer documentation with the
AMF on March 18, 2008. Genesys filed a Response Document (Note en Réponse)
with the AMF on March 3, 2008, which was approved by the AMF on March 18,
2008, and filed other related offer documentation with the AMF on March 3,
2008 and March 19, 2008. Free copies of these documents are available on
the AMF's web site at www.amf-france.org. Tender offer documentation filed
by West International Holdings Limited, including an English language
translation of this documentation, is available on West's web site at
www.west.com. Tender offer documentation filed by Genesys, including an
English language translation of this documentation, is available on
Genesys' web site at www.genesys.com. In addition, holders of Genesys ADSs
should read the prospectus supplement for ADS holders that, upon
commencement of the tender offer, was made available to them and that
contains important information on how to tender their ADSs in the tender
offer. Free copies of the prospectus supplement and other tendering
material for ADS holders may be obtained from Georgeson Shareholder, the
information agent for the ADS portion of the offer, at (866) 328-5446.
Shareholders (including holders of ADSs) and other investors are urged to
read carefully all tender offer documentation prior to making any decisions
with respect to the tender offer.
The publication or distribution of this press release may be subject to
statutory or regulatory restrictions in certain countries. This press
release is not addressed to individuals subject to such restrictions,
either directly or indirectly. Receipt of this press release does not
constitute an offer in countries where a tender offer or an offer of
securities would be illegal.
This press release contains forward-looking statements about West, Genesys
and their combined businesses after completion of the proposed acquisition.
Forward-looking statements can be identified by the use of words such as
"may," "should," "expects," "plans," "anticipates," "believes,"
"estimates," "predicts," "intends," "continue" or similar terminology.
These statements reflect West's and Genesys' current expectations and are
not guarantees of future performance or results. These statements are
subject to risks and uncertainties that could cause actual results to
differ materially from those contained in the forward-looking statements.
These risks and uncertainties include uncertainty regarding the expected
closing date of the transaction, the ability of the parties to achieve the
anticipated benefits and synergies of the proposed transaction, the
anticipated future combination of operations, products and services, and
the anticipated role of Genesys, its key executives and its employees
following the closing of the transaction, the impact of exchange rate
fluctuations and other risk factors described in documents filed by West
with the U.S. Securities and Exchange Commission including West's annual
report on Form 10-K for the year ended December 31, 2007 and quarterly
report on Form 10-Q for the quarter ended March 31, 2008 and in documents
filed by Genesys with the AMF including the Document de Référence under
number D.08-331 on April 20, 2008. These forward-looking statements speak
only as of the date on which the statements were made. West and Genesys
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise. Accordingly, you should not place undue reliance on these
statements. In any event, these statements speak only as of the date of
this press release.
About West Corporation
West Corporation is a leading provider of outsourced communication
solutions to many of the world's largest companies, organizations and
government agencies. West helps its clients communicate effectively,
maximize the value of their customer relationships and drive greater
profitability from every interaction. The Company's integrated suite of
customized solutions includes customer acquisition, customer care,
automated voice services, emergency communications, conferencing and
accounts receivable management services.
Founded in 1986 and headquartered in Omaha, Nebraska, West has a team of
42,000 employees based in North America, Europe and Asia. For more
information, please visit www.west.com.
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