The TriZetto Group, Inc. (NASDAQ: TZIX) announced today that the
Delaware Court of Chancery vacated its earlier order preliminarily
enjoining TriZetto from allowing any vote by TriZetto’s
stockholders upon a proposal to approve the merger pursuant to which
TriZetto will become a wholly-owned subsidiary of TZ Holdings, L.P., an
entity that is majority-owned by Apax Partners L.P. The preliminary
injunction was vacated based upon TriZetto’s
agreement to provide additional disclosures in its proxy materials
regarding the potential financial benefits of the merger to UBS
Securities LLC, TriZetto's financial advisor. The additional disclosure
materials have been filed with the Securities and Exchange Commission
(SEC) and are being mailed to the stockholders, clearing the way for the
stockholder vote on the proposed merger.
The special meeting of stockholders called to vote on the merger was
convened as scheduled on June 30, 2008, but as a result of the
injunction was adjourned until July 14, 2008, at 10:00 a.m., local time,
at The Island Hotel Newport Beach, 690 Newport Center Drive, Newport
Beach, California 92660.
Important Information
TriZetto filed a definitive proxy statement in connection with its 2008
Special Meeting of Stockholders with the SEC on May 27, 2008. TriZetto
also filed additional definitive materials with the SEC on July 2, 2008.
TriZetto stockholders are urged to read the proxy statement and the
definitive additional materials filed by TriZetto carefully as they
contain important information regarding this vote. Proxy statements were
mailed to stockholders on May 30, 2008. The additional definitive
materials were mailed to stockholders on or about July 3, 2008. The
proxy statement and other relevant documents filed with the SEC are also
available at no cost on the SEC’s Web site at www.sec.gov,
as well as TriZetto’s Web site at www.trizetto.com.
Hardcopies may also be obtained free of charge from TriZetto by
contacting Brad Samson, vice president of investor relations at
949-719-2220. Stockholders may also contact Morrow & Co. with questions
or requests for additional copies of the proxy materials by calling
toll-free 800-607-0088, or by e-mail at TriZetto.info@morrowco.com.
TriZetto and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from TriZetto’s
stockholders with respect to the transactions contemplated by the
definitive merger agreement among TZ Holdings, TZ Merger Sub and
TriZetto.