AES' Offer Extended Until June, 7 At 12:00 Noon 52% Tendered to Date.Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--June 7, 2000 The AES Corporation AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. (NYSE NYSE See: New York Stock Exchange : AES) announced today that it had extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 the U.S. Offer to purchase all ADSs of C.A. La Electricidad de Caracas (BVC BVC Bar Vocational Course (UK) BVC Bolsa de Valores de Colombia (Colombia) BVC Bureau Veritas Certification BVC Banco Venezolano de Credito (Venezuela) :EDC EDC See: Export Development Corp. ) at US$28.50 per ADS. The U.S. Offer is now currently scheduled to expire on Wednesday, June 7 at 12:00 noon. The First Administrative Court in Venezuela ruled on June, 6 to extend the expiration date of the Venezuelan Offer until Monday, June 12, 2000, at 12:00 midnight. AES stated that as of 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 June 6 approximately 34,934,700 ADSs and 142,806,500 shares representing in the aggregate approximately 52% of the outstanding shares (including shares represented by ADSs) had been tendered pursuant to its tender offers for ADSs and shares of EDC (including approximately 997,561 ADSs tendered pursuant to guaranteed deliveries). In order for shares to be validly tendered pursuant to the Venezuelan Offer, such shares must be tendered pursuant to the procedures set forth in the Venezuelan Offer to Purchase and the transfer of such shares into the name of the trustee for the Venezuelan Offer must be completed prior to the expiration date. Any shareholder having questions regarding the procedures for tendering shares in the Venezuelan Offer should contact ActiValores (Caracas: 58-2-201-7511), the coordinator for the Venezuelan Offer. AES is a leading global power company comprised of competitive generation and retail supply businesses in Argentina, Australia, Bangladesh, Brazil, Canada, China, Dominican Republic, El Salvador, Georgia, Hungary, India, Kazakhstan, the Netherlands, Mexico, Pakistan, Panama, the United Kingdom and the United States. The company's generating assets include interests in one hundred and twenty-five facilities totaling over 44 gigawatts of capacity. AES' electricity distribution network has over 954,000 km of conductor and associated rights of way and sells over 114,000 gigawatt gig·a·watt n. Abbr. GW One billion (109) watts. hours per year to over 15 million end-use customers. In addition, through its various retail electricity supply businesses, the company sells electricity to over 154,000 end-use customers. AES is dedicated to providing electricity worldwide in a socially responsible way. For more general information visit our web site at www.aesc.com or contact investor relations Investor relations The process by which the corporation communicates with its investors. at investing@aesc.com. The list aes-pr-announce is an automated mailing list and can be found on the investing page of our web site. Those who subscribe to this list will receive updates when AES issues a press release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion