Exhibit (a)(1)(K)
 | CONTACTS: | |
| Brian Schwartz Executive Managing Director bschwartz@higcapital.com | ||
| H.I.G. Capital 1450 Brickell Avenue 31st Floor Miami, FL 33131 P 305.379.2322 F 305.379.2013 www.higcapital.com |
H.I.G. Capital Announces Second Extension of Tender Offer for Shares of Matrixx Initiatives, Inc.
Tender offer now scheduled to expire at 5:00 p.m., New York City time, on Friday, February 4, 2011
MIAMI — February 1, 2011— H.I.G. Capital, LLC (“H.I.G.”), a leading global private investment firm, today announced the second extension of the offer period for the previously announced tender offer for all of the outstanding shares of common stock of Matrixx Initiatives, Inc. (Nasdaq: MTXX) (“Matrixx” or the “Company”) by Wonder Holdings, Inc. and Wonder Holdings Acquisition Corp., both affiliates of H.I.G. formed for the purpose of acquiring Matrixx, for $8.00 per share in cash, without interest and less any applicable withholding taxes. The tender offer, which was previously scheduled to expire at 5:00 p.m., New York City time, on Monday, January 31, 2011, is now scheduled to expire at 5:00 p.m., New York City time, on Friday, February 4, 2011.
All other terms and conditions of the tender offer remain unchanged.
The depositary for the tender offer has advised that, as of 5:00 p.m., New York City time, on January 31, 2011, approximately 2,597,791 shares of Matrixx common stock have been tendered and not withdrawn, including shares that had been tendered pursuant to notices of guaranteed delivery, representing approximately 27.5% of the outstanding shares.
About H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with more than $8.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, New York, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well-managed service or manufacturing businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. For more information, please refer to the H.I.G. website at www.higcapital.com.
Notice to Investors
This press release is neither an offer to purchase nor a solicitation of an offer to sell shares of the Company’s common stock. INVESTORS AND STOCKHOLDERS ARE URGED TO READ BOTH THE TENDER OFFER STATEMENT AND THE SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE TENDER OFFER BECAUSE THEY CONTAIN IMPORTANT INFORMATION. The tender offer statement on Schedule TO has been filed by Wonder Holdings Acquisition Corp. and Wonder Holdings, Inc. with the SEC in connection with the offer, and the solicitation/recommendation statement on Schedule 14D-9 has been filed by Matrixx with the SEC with respect to the offer. The offer to purchase, forms of letter of transmittal and related documents and the solicitation/recommendation statement on Schedule 14D-9 have been mailed to the Company stockholders. Investors and stockholders may also obtain a free copy of these statements and other documents filed by Wonder
Holdings Acquisition Corp. and Wonder Holdings, Inc. or the Company with the SEC at the website maintained by the SEC atwww.sec.gov. The tender offer statement and related materials, solicitation/recommendation statement, and such other documents may be obtained for free by directing such requests to D. F. King & Co., Inc., the information agent for the tender offer, at (212) 269-5550 for banks and brokers or (800) 347-4750 for stockholders and all others.
Forward Looking Statements
This press release may contain “forward-looking statements”. The words “may,” “could,” should,” “would,” “believe,” anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “goal,” and similar expressions are intended to identify forward-looking statements. All forward-looking statements are subject to certain risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. These risks and uncertainties include, but are not limited to, uncertainties as to how many of the Company stockholders will tender their stock in the offer; the possibility that competing offers will be made; and the possibility that various closing conditions for the transaction may not be satisfied or waived and risks and uncertainties relating to these matters that are discussed in documents filed with the SEC by the Company, including the solicitation/recommendation statement, as well as in the tender offer documents that have been filed by Wonder Holdings Acquisition Corp. and Wonder Holdings, Inc. H.I.G. does not undertake any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law.