This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Blue Harbour Group Comments On Savvis Acquisition

GREENWICH, Conn., April 27, 2011 /PRNewswire/ -- Blue Harbour Group, a significant shareholder in Savvis, Inc. (Nasdaq: SVVS) since May 2010, today issued the following statement from its Chief Executive Officer, Clifton S. Robbins, commenting on Savvis's agreement to be acquired by CenturyLink, Inc. (NYSE: CTL) for $40.00 per share in cash and stock:

"Blue Harbour has been supportive of Savvis management's commitment to create and unlock value.  Since the time of our investment, Jim Ousley and his team have accelerated growth and built an enterprise that has delivered significant value for its customers and shareholders. CenturyLink's acquisition recognizes that Savvis is an excellent company with strategic assets, strong cash flows and growth prospects."

Blue Harbour recently disclosed ownership of approximately 2 million Savvis shares, or about 3.5 percent of shares outstanding.

Blue Harbour Group was formed in 2004 to pursue a private equity approach to public markets by acting as a lead minority investor, working cooperatively with managements and boards to create and unlock shareholder value.

Contact: Adam Weiner or Victoria Weld212-521-4800 adam-weiner@kekst.com victoria-weld@kekst.com

SOURCE Blue Harbour Group

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs