Alcoa Extends Tender Offer for Cordant.Business Editors PITTSBURGH--(BUSINESS WIRE)--April 25, 2000 Alcoa Alcoa U.S. company, the world's largest producer of aluminum. Established in Pittsburgh, Pa., in 1888, it adopted the name Aluminum Co. of America in 1907. Alcoa introduced aluminum foil in 1910 and found uses for aluminum in the emerging aviation and automobile industries. Inc. announced today that it has extended its $57.00 per share cash tender offer for all of the issued and outstanding shares of Cordant Technologies Inc. The tender offer, as extended, will expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. at 5:00 p.m. Eastern Daylight Savings Time on Friday, May 19, 2000. As of the close of business on April 24, 2000, the number of shares of Cordant common stock that had been validly tendered was 33,169,088, including guaranteed deliveries. Alcoa noted that it submitted the required antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. notification to the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community on April 11, 2000 and received notice from the EC that the waiting period will expire on May 19, 2000, unless extended. |
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