[0] International Bancshares Corporation Extends Tender Offer for National Bancshares Corporation of Texas.Business Editors LAREDO, Texas--(BUSINESS WIRE)--Sept. 10, 2001 International Bancshares Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IBOC See HD Radio. ) announced today that International Bancshares has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of its tender offer for National Bancshares Corporation of Texas (AMEX AMEX See: American Stock Exchange : NBT (NetBIOS over TCP/IP) Support for the NetBIOS protocol in Windows when running in a TCP/IP network. NBT supports legacy applications that use the NetBIOS protocol as well as NetBIOS name resolution, which converts NetBIOS names into IP addresses. ) to 12:00 midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Friday, September 28, 2001. The tender offer was previously scheduled to expire at 12:00 midnight, New York City time, on Friday, September 7, 2001. As of September 7, 2001, the required regulatory approvals for the consummation of the tender offer have not been received and as a result the tender offer has been extended. The tender offer was commenced on August 9, 2001, by NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. Acquisition Corp., a wholly-owned subsidiary of International Bancshares, for all of the outstanding shares of common stock of National Bancshares, at the cash price of $24.75 net per share, subject to adjustment as described in the tender offer statement and related materials filed with the Securities and Exchange Commission (the "SEC"). As a consequence of the extension of the expiration date of the tender offer, holders of National Bancshares common stock may tender or withdraw shares until 12:00 midnight, New York City time, on Friday, September 28, 2001, unless the tender offer is further extended. International Bancshares has received an environmental report with respect to the environmental conditions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc one of National Bancshares' properties which report confirms that no environmental remediation will be required on such property. Accordingly, International Bancshares has determined that the price per share to be paid for shares of common stock of National Bancshares in the tender offer will not be adjusted as described in the tender offer statement and related materials and that the definitive price to be paid for such shares in the tender offer will be $24.75 per share. Pursuant to the terms of the Agreement and Plan of Merger dated as of July 30, 2001, among International Bancshares Corporation, NBC Acquisition Corp. and National Bancshares Corporation, upon successful completion of the tender offer, NBC Acquisition Corp. will merge with and into National Bancshares. As a result of this merger, any shareholders of National Bancshares who did not tender their shares in the tender offer, other than those who properly exercise dissenters' rights under Texas law, will receive the same amount per share as paid in the tender offer. As a result of the merger, National Bancshares would become a wholly-owned subsidiary of International Bancshares. The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , the depositary for the tender offer, has advised International Bancshares that, as of 5:00 p.m. New York City time, on September 7, 2001, approximately 2,121,012 shares of National Bancshares common stock (including guaranteed deliveries), representing approximately 51.3% of the shares currently outstanding, were validly tendered and not withdrawn pursuant to the tender offer. THIS ANNOUNCEMENT IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL SHARES OF NATIONAL BANCSHARES. THE TENDER OFFER HAS BEEN MADE PURSUANT TO A TENDER OFFER STATEMENT AND RELATED MATERIALS (INCLUDING AN OFFER TO PURCHASE, LETTER OF TRANSMITTAL Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. , AND RELATED TENDER OFFER DOCUMENTS) REGARDING THE ACQUISITION OF NATIONAL BANCSHARES, WHICH HAS BEEN FILED BY INTERNATIONAL BANCSHARES AND NBC ACQUISITION CORP. WITH THE SEC. YOU ARE URGED TO READ BOTH THE TENDER OFFER STATEMENT AND THE RELATED SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE TENDER OFFER FILED BY NATIONAL BANCSHARES WITH THE SEC BEFORE MAKING ANY DECISION REGARDING THE TENDER OFFER AND RELATED TRANSACTIONS. THE TENDER OFFER STATEMENT, THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 AND OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TENDER OFFER ARE AVAILABLE FREE OF CHARGE FROM THE INFORMATION AGENT FOR THE TENDER OFFER, INNISFREE M&A INCORPORATED, 501 MADISON AVENUE, NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NEW YORK 10022, OR CALL TOLL-FREE AT (888) 750-5834. |
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