Exhibit 99(a)(i)(m)
[GEAC LOGO]
NEWS RELEASE
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GEAC ANNOUNCES SUCCESSFUL CONCLUSION OF
TENDER OFFER FOR COMSHARE
-- GEAC OWNS APPROXIMATELY 90.6% OF COMSHARE --
MARKHAM, ONTARIO AND ANN ARBOR, MICHIGAN - August 13, 2003 - Geac Computer
Corporation Limited (TSX: GAC), a global enterprise software company for
Business Performance Management, and Comshare, Incorporated (Nasdaq: CSRE), a
leading provider of software that helps companies implement and execute
strategy, today announced the successful completion of the subsequent offering
period for Geac's tender offer to purchase all the outstanding shares of common
stock of Comshare at a price of US$4.60 per share. The subsequent offering
period expired at 5:00 p.m. EDT on Wednesday, August 13, 2003.
Based upon a tally by Equiserve Trust Company, N.A., the depositary for the
offer, an aggregate of 9,792,548 shares of Comshare common stock were validly
tendered in the initial offering period and subsequent offering period. Geac,
through its indirect wholly owned subsidiary Conductor Acquisition Corp., has
accepted for payment all shares validly tendered in the tender offer. In
addition, Conductor Acquisition Corp. has purchased directly from Comshare an
additional 363,201 common shares of Comshare at a price of US$4.60 per share,
for an aggregate price of US$1,670,725, in connection with the exercise of the
top-up option granted in the merger agreement between Geac and Comshare. The
top-up shares together with the shares tendered and accepted represent a total
of 10,155,749 shares, or 90.61% of Comshare's 11,208,347 total shares
outstanding.
Geac plans to effect a merger of Conductor Acquisition Corp. with and into
Comshare on Thursday, August 14, 2003, or as soon as practicable thereafter. The
merger will be consummated without a vote or meeting of Comshare stockholders,
in accordance with Michigan law. In the merger, each of the remaining shares of
Comshare common stock will be converted into the right to receive US$4.60 in
cash, without interest. In connection with the merger, all outstanding stock
options will be cancelled and each holder of an outstanding stock option to
purchase shares of Comshare's common stock at an exercise price less than
US$4.60 per share will, assuming such option has not been exercised prior to
completion of the merger, receive a cash payment equal to the difference between
the exercise price which otherwise would have been paid by such holder, and the
offer price of US$4.60 per share.
Questions and requests for assistance concerning the offer may be directed to
Georgeson Shareholder Securities Corporation, the dealer manager for the offer,
at (800) 445-1790, or Georgeson Shareholder Communications Inc., the information
agent for the offer, at (800) 286-9178.
ABOUT GEAC
Geac (TSX: GAC - News) is a global enterprise software company for Business
Performance Management, providing customers worldwide with the core financial
and operational solutions and services to improve their business performance in
real time. Further information is available at http://www.geac.com or through
e-mail at info@geac.com.
ABOUT COMSHARE
Comshare, Incorporated (NASDAQ:CSRE) is a leading provider of software that
helps companies implement and execute strategy. Comshare's corporate performance
management application encompasses planning, budgeting, forecasting, financial
consolidation, management reporting and analysis. For more information on
Comshare, please call 1-800-922-7979, send email to info@comshare.com or visit
Comshare's website at www.comshare.com.
SAFE HARBOR STATEMENT
Geac has filed with the Securities and Exchange Commission a tender offer
statement on Schedule TO, and Comshare has filed with the Commission a
solicitation/recommendation statement on Schedule 14D-9, with respect to the
tender offer. Comshare stockholders are advised to read Geac's tender offer
statement and Comshare's solicitation/recommendation statement, as amended,
because they contain important information about Geac, Comshare, the tender
offer and the merger. Comshare stockholders may obtain free copies of these
statements from the Securities and Exchange Commission's website at www.sec.gov,
or by contacting Geac Investor Relations at 905-475-0525 x3325 or
investor@geac.com or Comshare Investor Relations at 734-994-4800 or
bjarzynski@comshare.com.
This press release may contain forward-looking statements based on current
expectations. Important factors that could cause a material difference between
these forward-looking statements and actual events include those set forth under
the heading "Risks and Uncertainties" in Geac's Management Discussion and
Analysis for the fiscal year ended April 30, 2003 contained in its Report of
Foreign Issuer on Form 6-K, filed with the United States Securities and Exchange
Commission on July 2, 2003, copies of which are available through the website
maintained by the SEC at www.sec.gov, and in Geac's Management Discussion and
Analysis for the fiscal year ended April 30, 2003 filed with the Canadian
Securities Administrators on June 25, 2003 and available through the website
maintained by the Canadian Depository for Securities Limited at www.sedar.com.
FOR FURTHER INFORMATION
Melody Firth
Geac
905.475.0525 x3325
melody.firth@geac.com