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The Hackett Group, Inc. Announces Final Results Of Its Dutch Auction Tender Offer

Stocks in this article: HCKT

The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic advisory and operations improvement consulting firm, today announced the final results of its modified “Dutch auction” tender offer (the “Offer”) to purchase up to $55 million in value of its common stock, par value $0.001 per share (“Common Stock”), which expired at 5:00 p.m., New York City time, on Wednesday, March 21, 2012.

Hackett has accepted for purchase 11,000,000 shares of its Common Stock at a purchase price of $5.00 per share, for an aggregate cost of approximately $55 million, excluding fees and expenses relating to the Offer. The 11,000,000 shares accepted for purchase in the Offer represent 26.63 percent of Hackett’s currently issued and outstanding shares of Common Stock.

Based on the final count by Computershare Trust Company, N.A., the depositary for the Offer, a total of 11,578,173 shares of Hackett’s Common Stock were tendered properly and not withdrawn properly at or below the final purchase price of $5.00 per share.

Due to the oversubscription of the Offer, the depositary has informed Hackett that stockholders who tendered properly and did not withdraw properly shares of Common Stock in the Offer at or below $5.00 per share will have approximately 95.01 percent of their tendered shares purchased by Hackett.

The depositary will promptly issue payment for the shares accepted for purchase in accordance with the terms and conditions of the Offer. Shares tendered and not accepted for purchase will be returned promptly to stockholders by the depositary.

As a result of the settlement of the Offer, Hackett has approximately 30,310,635 million shares outstanding.

Stockholders who have questions may call BofA Merrill Lynch, the dealer-manager for the Offer, at (888) 803-9655, or Georgeson Inc., the information agent for the Offer, at (877) 278-9672 (toll free).

Tender Offer Statement

This press release is for informational purposes only and is neither an offer to buy nor the solicitation of an offer to sell any shares of Hackett’s Common Stock.

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