ATLANTA and LAKE SUCCESS, N.Y. -

In the second update since the development first came to light, Cox Automotive and Dealertrack Technologies said on Friday that they have each received a request for additional information and documentary material from the U.S. Department of Justice in connection with the DOJ’s review of Cox Automotive’s pending acquisition of Dealertrack.

Company officials insisted that issuance of the second request is a standard part of the regulatory process. They explained the effect of the second request is to extend the waiting period under the Hart-Scott-Rodino Act until 10 days after Cox Automotive has substantially complied with the second request, unless that period is terminated earlier by the government.

The companies added the expectation that the acquisition will close in the third quarter of this year remains unchanged.

“The second requests relate only to a very small portion of the parties’ businesses, and the parties are working cooperatively and expeditiously with the DOJ in connection with its review,” Cox Automotive and Dealertrack said.

As a result of the second requests, pursuant to the agreement and plan of merger dated June 12 by and among Cox Automotive, Runway Acquisition Co., and Dealertrack, Cox Automotive has extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Dealertrack for $63.25 per share. That figure is net to the seller thereof in cash, without interest and subject to any withholding taxes required by applicable law and upon the terms and subject to the conditions set forth in the offer to purchase dated June 26.

Officials noted the Offer, which was previously scheduled to expire at midnight ET on Friday, has been extended until midnight ET on Aug. 21, unless it is extended further under the circumstances set forth in the merger agreement.

“All terms and conditions of the offer shall remain unchanged during the extended period,” officials said.

American Stock Transfer & Trust Co., the depositary for the offer, advised Cox Automotive and Dealertrack that as of 5 p.m. ET on Thursday approximately 17,038,691 shares of Dealertrack had been validly tendered and not validly withdrawn pursuant to the offer. That figure represents approximately 30.31 percent of Dealertrack’s outstanding shares.

“Shareholders who have already tendered their shares of Dealertrack do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the offer,” officials said.

“The acquisition is subject to a minimum tender of at least a majority of outstanding Dealertrack shares on a fully diluted basis, customary regulatory approvals and closing conditions,” they added.

Cox Automotive and Dealertrack previously made moves associated with their DOJ requirements back on July 6.