Comverge, Inc. (COMV)

[mlkrborn]

Comverge and H.I.G. Capital announce satisfaction of the minimum condition in the tender offer for shares of Comverge (COMV) 1.72 : Co and H.I.G. Capital announced the satisfaction of the minimum condition of the tender offer for all of the outstanding shares of common stock of Comverge by Peak Merger Corp. ("Peak") and Peak Holding Corp., both affiliates of H.I.G., for $1.75 per share in cash, without interest and less any applicable withholding taxes. The offering period expired at 5:00 p.m., New York City time, on Wednesday, May 9, 2012. The depositary for the tender offer has advised that, as of the expiration time, 14,407,789 shares of Comverge common stock had been validly tendered and not withdrawn, including 744,898 shares that had been tendered pursuant to notices of guaranteed delivery, representing approximately 52.2% of the outstanding shares of the Company. H.I.G. also announced today that Peak has commenced a subsequent offering period to acquire all of the remaining untendered shares, commencing immediately and expiring at 11:59 p.m., New York City time, on Monday, May 14, 2012. During the subsequent offering period, Comverge stockholders who did not previously tender their shares of common stock in the offer may do so and Peak will accept for payment and promptly pay for such shares as they are tendered. Stockholders who tender shares during such period will receive the same $1.75 per share price.