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HH Global 与 InnerWorkings 合并建立全球营销服务公司

HH Global and InnerWorkings to Create Combined Global Marketing Services Company

全现金交易,每股价格 3.00 美元; 截至 2020 年 7月 15 日,收盘价溢价 127%,比 90 天成交量加权平均价溢价 104% Combined Company to Provide Full End-to-End Marketing Solutions for Clients Across the Globe

2020 年 7 月 16 日,伦敦和芝加哥—— InnerWorkings, Inc.(纳斯达克代码:INWK,下称“InnerWorkings”) 与 HH Global Group Limited(下称 “HH Global”)今天宣布,双方已签署合并运营的最终协议。根据协议条款,HH Global 将以每股 3.00 美元的价格收购 InnerWorkings,这是一笔全现金交易,股权价值约为 1.77 亿美元。截至 2020 年 7月 15 日,收盘价溢价 127%,比 90 天成交量加权平均价溢价 104%。两家公司的董事会一致批准了这笔交易。

InnerWorkings 首席执行官 Rich Stoddart 表示,“过去几个月里,为应对我们所处的富有挑战性的环境,我们一直在积极设法为 InnerWorkings 争取有利位置。”在当前经济形势极不确定的时期,董事会和管理层决定采取全面措施,为股东保持并提高价值。” 在探索了一系列融资和战略选择、并针对新冠疫情实施了有意义的成本节约措施之后,我们相信,这一合并运营代表着我们股东和InnerWorkings 的最佳发展道路。除了立即为股东带来现金溢价外,合并后建立的公司资产负债表将更为健康,我们的公司转型将加快,我们服务客户的能力也将提高。”

HH Global 董事长兼集团首席执行官 Robert MacMillan 表示,“我们对此次合并深感兴奋,因为扩大我们的服务和全球规模,将显著加强我们执行下一阶段战略的能力。 我们两家公司不仅在产品、能力和地域运营方面具有互补性,而且在质量、创新和卓越运营方面有着共同的坚定承诺。我们对 InnerWorkings 一直很钦佩,在过去几个月里,我们对其管理团队有了很好的了解,我们相信,我们将携手建立一个更为强大的公司。我们欢迎 InnerWorkings 加入 HH Global 大家庭。”

战略依据

合并后的公司将成为世界一流的营销工程和执行公司,为寻求创新的、端到端营销解决方案的全球客户提供良好的定位,降低成本,提高品牌的一致性、可见度、可持续性,加快进入市场。凭借产品和能力的互补、InnerWorkings 在北美的领先地位以及 HH Global 在欧洲、中东、非洲和亚太区的强大领导地位,合并后的公司将在全球范围内运营,保持敏捷性和以客户为中心的执行,这是 InnerWorkings 和 HH Global 共同的核心战略方针。 

合并后,两家公司的运营状况和资产负债表将得以改善,并将处于有利地位,以继续实施 InnerWorkings 的转型,建立和维持长期客户关系,成为领先品牌真正的首选合作伙伴。此外,合并后的公司将得益于 Blackstone Tactical Opportunities 的资金管理和咨询服务的支持,后者是 HH Global 现有的少数股权战略投资者。

其他交易细节

根据合并协议的条款,HH Global 将以每股 3.00 美元的价格现金收购 InnerWorkings 普通股的所有流通股,比 2020 年 7 月 15 日的收盘价溢价 127%,比 90 天成交量加权平均价溢价 104%。

该交易须符合惯例成交条件,包括获得 InnerWorkings 股东的批准以及获得某些监管部门的批准,预计交易将在 2020 年四季度末之前完成。

花旗集团全球市场公司(Citigroup Global Markets Inc.)担任 InnerWorkings 的独家财务顾问,盛德律师事务所(Sidley Austin LLP)担任法律顾问。独立投资银行 Moelis&Company LLC 担任 HH Global 的独家财务顾问,凯易律师事务所(Kirkland&Ellis LLP) 担任法律顾问。

关于 HH Global

HH Global 成立于 1991 年,是一家全球外包营销执行提供商。我们运用成熟的流程、行业领先的技术,依靠 1300 多名员工的深厚专业知识,开发创新的解决方案,降低客户的实际营销采购和内容开发成本,同时改善质量,促进可持续性,加快上市速度。

关于 InnerWorkings, Inc.

InnerWorkings, Inc.( 纳斯达克代码:INWK)工程师为各行各业的领先品牌提供市场营销服务。我们深入挖掘客户的品牌战略,利用我们的全球专业知识、认证供应商基础、行之有效的方法和专有技术,为客户提供解决方案。我们通过在客户之旅的关键接触点上设计营销方案,支持各种提高价值、增进认识和激励行动的广告活动。我们的服务包括创意、纸媒、直邮广告、品牌商品、奢侈品包装、零售环境和数字解决方案,我们将把营销执行提升到塑造品牌体验的高度。更多信息请访问:www.inwk.com.

Forward-Looking Statements

This document contains “forward-looking statements” that are based on beliefs, assumptions, and expectations of future events, taking into account the information currently available to InnerWorkings, Inc. (the “Company”). All statements other than statements of current or historical fact contained in this report are forward-looking statements. The words “believe,” “may,” “should,” “anticipate,” “estimate,” “expect,” “intend,” “will,” “seek,” “plan,” and similar statements are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual outcomes to differ materially from expectations of future outcomes the Company expresses or implies in any forward-looking statements. These risks and uncertainties include, but are not limited to: the satisfaction of the conditions precedent to the consummation of the proposed merger, including, without limitation, the receipt of stockholder and regulatory approvals; unanticipated difficulties or expenditures relating to the proposed merger; legal proceedings, judgments or settlements, including those that may be instituted against the Company, the Company’s board of directors, officers and others following the announcement of the proposed merger; disruptions of current plans and operations caused by the announcement and pendency of the proposed merger; potential difficulties in employee retention due to the announcement and pendency of the proposed merger; the response of customers, suppliers, business partners and regulators to the announcement of the proposed merger; and other risks, relevant factors, and uncertainties identified in the Company’s filings with the Securities and Exchange Commission (“SEC”) (including the information set forth in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and in subsequent filings), which filings are available at the SEC’s website at www.sec.gov. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. The Company’s forward-looking statements speak only as of the date of this document. Other than as required by law, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. 

Additional Information Regarding the Transaction and Where to Find It

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company or the solicitation of any vote or approval.  This communication is being made in respect of the proposed merger transaction involving the Company, HH Global Group Limited, HH Global Finance Limited and Project Idaho Merger Sub, Inc. The proposed merger of the Company will be submitted to the stockholders of the Company for their consideration. In connection therewith, the Company intends to file relevant materials with the SEC, including a definitive proxy statement which will be mailed to the stockholders of the Company. However, such documents are not currently available. BEFORE MAKING ANY VOTING OR ANY INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT REGARDING THE PROPOSED MERGER TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER TRANSACTION. Investors and security holders may obtain free copies of the definitive proxy statement, any amendments or supplements thereto and other documents containing important information about the Company, once such documents are filed with the SEC, through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by the Company will be available free of charge on the Company’s website at https://investor.inwk.com/financial-information/sec-filings.

委托书征集参与人士

根据美国证券交易委员会的规定,公司及其董事、高级管理人员和公司管理层的某些其他成员和公司雇员可被视为与拟议合并交易有关的委托书征集参与人士。公司董事和高级管理人员的信息载于公司于 2020 年 4 月 28 日向美国证券交易委员会提交的 2020 年年度股东大会的委托书、截至 2019 年 12 月 31 日的年报表格 10-K(于 2020 年 3 月 17 日提交美国证券交易委员会),以及随后提交美国证券交易委员会的文件,所有文件均可从上述来源免费获取。有关公司股东委托书征集参与人士的其他信息以及通过证券控股或其他方式对其各自直接和间接利益的描述,将包含在初步和最终的委托书和其他相关材料中,这些材料在获得时均将提交美国证券交易委员会。

businesswire.com 上查看原版:https://www.businesswire.com/news/home/20200716005311/en/

HH Global
Edward Parsons
edward.parsons@hhglobal.com

InnerWorkings
投资者
Bridget Freas
312-589-5613
bfreas@inwk.com

媒体
Sard Verbinnen & Co
Bryan Locke/Danya Al-Qattan
INWK-SVC@sardverb.com