SHI and TPG make bear hug offer for ACLS

• $5.20 per share; $544mm total
• Rejected by ACLS board

• ACLS news - stock chart

Announced 2.25.08

• ACLS press release
• ACLS slide presentation

Board determines proposal 'not in best interest"

• Press release  3.17.08

Letter to shareholders regarding SHI's lack of private negotiations

• Edgar filing  4.14.08

Financial

• ACLS: Goldman Sachs / Lehman / Moelis & Company
• Bidders: 

Legal

• ACLS: Wachtell Lipton / Edwards Angell
• Bidders:  

Bear Hug Offers