OneSource and ValueAct Capital Sign Merger Agreement

Feb 24, 2004


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OneSource Information Services, Inc., a provider of business information products and services, has entered into a merger agreement with affiliates of the investment firm ValueAct Capital. Under the agreement, each share of common stock of OneSource outstanding at the time of the merger (other than shares held by ValueAct Capital and its affiliates) will be converted into the right to receive $8.40 per share in cash. This represents a premium of approximately 10.5% to Tuesday's closing price of $7.60 per share. ValueAct Capital and its affiliates currently hold approximately a 32% ownership interest in OneSource, according to its most recent filing with the Securities and Exchange Commission (SEC). The transaction is expected to close in the second quarter of 2004.

Prior to consummation of this transaction, OneSource will file a proxy statement relating to the merger with the SEC, and will schedule a special meeting of OneSource's stockholders to vote on a proposal to approve the Merger Agreement. Stockholders are urged to read the proxy statement and any other relevant documents relating to the merger transaction described above when they become available to learn about OneSource, ValueAct Capital, and the proposed transaction.

OneSource's stockholders will be able to obtain copies of these documents when they become available, along with other documents filed with the SEC, free of charge, at www.sec.gov. Stockholders can also obtain, free of charge, copies of the proxy statement when it becomes available, along with any documents OneSource has filed with the SEC, by directing a request to OneSource Information Services, Inc. at 300 Baker Avenue, Concord, Massachusetts 01742, Attention: Chief Financial Officer, telephone: (978) 318-4300.

For more information on this story, see ITI's NewsBreaks at: http://www.infotoday.com/newsbreaks/nb040223-1.shtml.

(http://www.onesource.com), (http://www.valueact.com), (www.infotoday.com/newsbreaks/nb040223-1.shtml)