Publications & News

MapInfo Corporation Agrees to be Acquired in Cash Tender Offer

March 15, 2007

WilmerHale is advising MapInfo Corporation (Nasdaq: MAPS), the leading global provider of location intelligence solutions, in its proposed acquisition by Pitney Bowes Inc. (NYSE: PBI) for approximately $408 million in cash, net of expected cash on MapInfo's balance sheet at the time of closing.

Within seven business days after the acquisition announcement on March 15, Pitney Bowes will commence a tender offer at a price of $20.25 per share in cash for the outstanding common shares of MapInfo. The transaction is subject to the completion of customary conditions, and is expected to close in the second calendar quarter of 2007.

The WilmerHale team on the transaction includes David Westenberg, Jay Bothwick, Mark Borden, Kari Jorgenson and Jeffries Oliver-Li of the Corporate Department; Bill Schmidt in the employee benefits practice; Mike Bevilacqua of the Intellectual Property Department; Roger Ritt of the Tax Department; and Jim Lowe and Janet Ridge in the Antitrust and Competition Department.