On August 24, 2009, BEN Merger Sub Inc., a wholly-owned subsidiary of BEN Holdings, Inc., completed its tender offer for Bankrate, Inc. (“RATE”) Common Shares. The merger was
consummated on September 25, 2009 via short form merger. Outstanding RATE Common Shares at the effective time of the merger will be converted into $28.50 Cash.
This action will be coordinated with the Options Clearing Corporation.
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