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EXHIBIT 99(a)(1)(L)
[UNIGRAPHICS SOLUTIONS(R) LOGO]
PRESS RELEASE
Contact:
-------
Doug Barnett
Unigraphics Solutions Inc.
314-344-8448
email: [email protected]
UNIGRAPHICS SOLUTIONS CONSUMMATES TENDER OFFER FOR
ENGINEERING ANIMATION COMMON STOCK
ST. LOUIS, MO (October 12, 2000) -- Unigraphics Solutions Inc. (NYSE: UGS)
announced today consummation of the offer by UGS Acquisition Corporation, a
wholly owned subsidiary of UGS, to acquire all of the outstanding shares of
common stock of Engineering Animation, Inc. at a price of $13.75 net per share.
Approximately 10,904,281 shares of EAI common stock were tendered and not
withdrawn (including 330,839 shares subject to guarantees of delivery) pursuant
to the tender offer, which expired at midnight, Eastern time, on Wednesday,
October 11, 2000. Accordingly, the minimum condition of the offer has been met.
These shares represent approximately 90% of the currently outstanding shares of
EAI common stock. The tendered shares (other than those subject to guarantee of
delivery) have been purchased in accordance with the terms of the offer. Payment
for the shares purchased will be made promptly by UGS through First Chicago
Trust Company of New York, the exchange agent for the tender offer. A subsequent
offering period has not been included.
In accordance with the merger agreement among UGS, UGS Acquisition Corporation
and EAI, UGS intends to effect a merger as soon as practicable pursuant to which
EAI will become a wholly owned subsidiary of UGS and all remaining EAI
shareholders (other than UGS and its subsidiary) will have the right to receive
the $13.75 net per share price paid in the tender offer.
ABOUT UNIGRAPHICS SOLUTIONS
Unigraphics Solutions Inc. (NYSE: UGS) is focused on improving the entire
product life cycle for design and manufacturing companies through the delivery
of software and consulting service solutions that address process and
productivity enhancements. Its CAD/CAM/CAE, product content management and
e-Business solutions are designed to promote collaborative product commerce
(CPC) through incorporation of today's most advanced technology and intelligent
use of the Internet. Headquartered in St. Louis, Missouri, UGS has been
providing software solutions to engineering and manufacturing companies for over
25 years and is the first company in its industry to earn the ISO 9001/TickIT
certification. Please contact UGS at (800) 498-5351 or via the World Wide Web at
http://www.ugsolutions.com.
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Unigraphics Solutions and Unigraphics are trademarks or registered trademarks of
Unigraphics Solutions Inc. The information within is subject to change without
notice and does not represent a commitment on the part of Unigraphics Solutions.
