EXHIBIT (a)(1)(M)
FOR IMMEDIATE RELEASE
OLD MUTUAL ANNOUNCES RESULTS OF TENDER OFFER FOR UNITED ASSET MANAGEMENT
CORPORATION
APPROXIMATELY 93% OF THE OUTSTANDING UAM SHARES WERE TENDERED TO OLD MUTUAL
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BOSTON (September 26, 2000) - Old Mutual plc announced today that, pursuant to
its tender offer for all outstanding shares of common stock of United Asset
Management Corporation (NYSE: UAM), Old Mutual has accepted for payment all
shares of UAM common stock validly tendered as of the 5:00 p.m. EDT September
25, 2000 expiration of the tender offer, at a purchase price of $25 net per
share.
Specifically, Old Mutual accepted for payment 53,270,488 shares of UAM common
stock tendered prior to the expiration of the tender offer, representing
approximately 93% of the outstanding shares of UAM common stock. These figures
do not include additional UAM shares that were tendered by means of guaranteed
delivery.
Old Mutual intends to complete a "short form" second-step merger at $25 net per
share as soon as practicable, following which UAM will become a wholly-owned
subsidiary of Old Mutual.
Enquiries:
Old Mutual plc, London Tel: +44 20 7569 0100
James Poole, Director Investor Relations
College Hill, London Tel: + 44 20 7457 2020
Nicholas Williams
Old Mutual, Cape Town Tel: + 27 21 509 2732
Bruce Allen, Manager, Group Media Communications
College Hill, Johannesburg Tel: + 27 11 447 3030
Kim Milnes
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