Infogroup shareholder argues again that selling the database provider now is a bad idea

Infogroup investor again blasts proposed sale

OMAHA, Neb. — The proposed sale of database provider Infogroup has attracted new criticism after the Omaha firm disclosed more about what led to the deal with CCMP Capital Advisors.

Stonerise Capital Partners said Monday that it sent a second letter to Infogroup’s board objecting to the $460 million deal as ill-advised and underpriced.

Stonerise says the first-quarter earnings report Infogroup released last week shows the company is worth significantly more than the $8 per share CCMP is offering.

Infogroup said it made $7.3 million net income, or 13 cents per share, in the first quarter. That compares with a loss of $9.3 million, or 16 cents per share a year ago.

No date has been set for a shareholder vote on the deal that was announced in March.

On the Net:

InfoGroup Inc.: www.infogroup.com

CCMP Capital Advisors LLC: www.ccmpcapital.com

Stonerise Capital Partners: www.stonerisecapital.com

Hotchkis and Wiley Capital Management: www.hwcm.com