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| Gartner, Inc. Announces Share Buyback from IMS Health Incorporated. |
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Stamford, Conn. (August 29, 2001) -Gartner, Inc. (NYSE: IT and ITB), — today confirmed that the Company has purchased 1,554,954 shares of its Class A common stock at $9.88 per share through a direct placement with IMS Health. (NYSE:RX). The purchase was made as part of Gartner's $75 million stock buyback program announced on July 19, 2001.
The Company also confirmed that IMS Health sold its remaining shares of Gartner Class A stock at $9.88 per share through a direct placement to several institutional investors, including ValueAct Capital Partners, Farallon Capital Management, High Rock Asset Management and others. These transactions divest IMS Health of any remaining ownership in Gartner. This press release does not constitute an offer to buy nor a solicitation of offers to sell any securities. About Gartner, Inc. Gartner, Inc. is a research and advisory firm that helps more than 10,000 clients understand technology and drive business growth. Gartner's divisions consist of Gartner Research, Gartner Consulting, Gartner Measurement and Gartner Events. Founded in 1979, Gartner, Inc. is headquartered in Stamford, Connecticut and consists of 4,600 associates, including 1,400 research analysts and consultants, in more than 80 locations worldwide. The company achieved fiscal 2000 revenues of $855 million. For more information, visit www.gartner.com. |
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Investor Contact: Leann Taylor Vice President +1 203-316-6028 leann.taylor@gartner.com |
Media Contact: Carol Wallace Vice President, Public Relations +1 203-316-3575 carol.wallace@gartner.com |
