Business News

Blue Harbour Group Comments on Choicepoint Acquisition

Friday 22. February 2008 - Blue Harbour Group, which owns about 4.6 million shares of Choicepoint Inc. (NYSE:CPS), or approximately 6.5% of the Company, today issued the following statement from its Chief Executive Officer, Clifton S. Robbins, commenting on Choicepoint's agreement to be acquired by Reed Elsevier for $50.00 per share in cash:

“Blue Harbour has been supportive of Choicepoint management’s commitment to create and unlock value. This transaction announced today recognizes that Choicepoint is an excellent company with strategic assets, strong cash flows and growth prospects. We applaud Choicepoint’s board on today’s very positive development for shareholders.”

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.