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Notice to CMVT Holders

On February 4, 2013, Verint Systems Inc. (“Verint”) completed its acquisition of Comverse Technology, Inc. (“CTI”) in a merger transaction whereby CTI was merged with and into a wholly-owned subsidiary of Verint (the “Merger”).  CTI shares ceased trading this same day. 

The Merger was consummated pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) dated August 12, 2012.  Under the Merger Agreement, CTI shareholders will receive 0.1298 shares of Verint common stock for each share of CTI common stock held by them.

CTI shareholders who hold their shares in “street name” through a bank or broker should automatically receive Verint shares in exchange for their CTI shares and should contact their bank or broker with any questions.  CTI shareholders who are registered holders will receive instructions from American Stock Transfer & Trust Company, the exchange agent for the transaction, on how to exchange their CTI shares for Verint shares.  Registered holders may also contact AST toll free at (877) 248-6417 or (718) 921-8317 with any questions.  

How did the February 4, 2013 merger  of Comverse Technology, Inc.  with and into a wholly-owned subsidiary of Verint Systems Inc. affect my adjusted tax basis in the Verint Systems Inc. shares received in exchange for my Comverse Technology, Inc. shares surrendered in the merger?
Click here to download the Form 8937

How did the October 31, 2012 distribution of Comverse, Inc. affect my cost basis in Comverse Technology, Inc.?
Click here to download the Form 8937