j2 Global Extends Tender Offer for Carbonite

j2 Global, Inc. announced that its tender offer for all outstanding shares of Carbonite, Inc.‘s common stock was set to expire at 5:00 PM, New York City time on January 26, 2015 and that, at that time, a total of 6,179,366 shares were validly tendered and not withdrawn.

j2 desires to purchase all tendered shares provided that the Carbonite board of directors approves of that purchase for purposes of Section 203 of the Delaware General Corporation Law and causes the recently adopted preferred share rights agreement to not be applicable to such purchase, and subject to the satisfaction or waiver of the other conditions of the offer.

In addition, j2 has been in discussions with Carbonite over the terms of a proposed confidentiality agreement to permit j2 to participate in Carbonite’s previously announced potential sale process. Accordingly, j2 is extending its tender offer to 5:00 PM New York City time on February 26, 2015 (unless further extended) in order to complete such negotiations and/or in hopes of allowing the Carbonite board of directors sufficient time to take the actions necessary to allow j2 to complete the acquisition of all tendered shares.

Said to have been approached by other parties.

j2 Global Acquired Three More Backup Companies Last December

Arion IT (Ireland), Quantum RBS (Canada) and Technology Partners (USA)

Carbonite’s Board to Review Unsolicited Tender Offer From j2 Global at $15/Share

Stockholders advised to take no action pending review

Carbonite Responds to Unsolicited Offer of Acquisition by j2 Global

Why not but wait a minute.

J2 Global Wants to Acquire Carbonite That Confirms Receipt of Unsolicited Proposal

Could be 48th acquisition!