Exhibit (a)(18)
CREDIT : Media Relations
: GROUP
SUISSE : CREDIT SUISSE GROUP
P.O. Box 1
CH-8070 Zurich
Telephone +41-1-333 8844
Fax +41-1-333 8877
Credit Suisse Group completes tender offer for
Donaldson, Lufkin & Jenrette
Zurich and New York, 3 November 2000 - Credit Suisse Group today announced the
expiration of the tender offer for all of the outstanding shares (DLJ Shares) of
common stock of the series designated Donaldson, Lufkin & Jenrette, Inc. - DLJ
Common Stock of Donaldson, Lufkin & Jenrette, Inc. (DLJ) for USD 90 per share,
net to the seller in cash. The offer expired at midnight, New York City time on
Thursday, 2 November 2000. All shares validly tendered and not properly
withdrawn prior to expiration of the offer have been accepted for payment.
Based on the latest count, 52,549,319 DLJ Shares were tendered (including
through notice of guaranteed delivery) in the offer prior to its expiration,
which represents approximately 94% of the outstanding DLJ Shares held by the
public and, together with DLJ Shares held by AXA and its affiliates, 98% of the
outstanding DLJ Shares.
Pursuant to the terms and conditions of the Merger Agreement entered into in
connection with the tender offer, an indirect wholly owned subsidiary of Credit
Suisse Group is expected to be merged with and into DLJ by the close of business
(New York) today or as soon as practicable thereafter. Once the merger becomes
effective, DLJ will be an indirect subsidiary of Credit Suisse Group and a
direct subsidiary of Credit Suisse First Boston, Inc.
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Enquiries
Credit Suisse Group, Media Relations, Zurich +41 1 333 8844
Credit Suisse First Boston, Media Relations, New York +1 212 325 5898
Internet
http://www.credit-suisse.com
Credit Suisse Group is one of the world's leading global financial services
companies. In the asset management area, specialized business units offer
state-of-the-art products and services to private and institutional investors
worldwide, including insurance solutions from Winterthur. In investment banking,
Credit Suisse First Boston provides comprehensive financial advisory, capital
raising, sales and trading, and financial products for users and suppliers of
capital around the world. Credit Suisse goes back to 1856 and is headquartered
in Zurich with its main listing on the Swiss Stock Exchange. The group employs
around 67,000 staff and reported assets under management of CHF 1,227 billion as
at 30 June 2000.
