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Blackbaud, Inc.
BLKB today announced that it has voluntarily
withdrawn its Premerger Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and,
in conjunction, extended the expiration of its cash tender offer for all
outstanding shares of common stock of Convio, Inc.
CNVO to midnight,
New York City Time, on Wednesday, March 7, 2012. The expiration date of the
tender offer may only be extended in increments of no more than ten business
days each, pursuant to the terms of the merger agreement between the
companies. Blackbaud's withdrawal, which is effective February 22, 2012, will
provide the Department of Justice (“DOJ”) with additional time to review
information regarding the proposed acquisition without requiring a formal
Request for Additional Information.
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