Alcoa Extends Tender Offer for Howmet.Business Editors PITTSBURGH--(BUSINESS WIRE)--May 16, 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 $20.00 per share cash tender offer for all of the outstanding shares of Howmet International 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 6:00 p.m. Eastern Daylight Savings Time on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , May 19, 2000. As of the close of business on May 15, 2000, the number of shares of Howmet common stock that had been validly tendered was 800,407, including guaranteed deliveries. Alcoa's previously announced $57 per share cash tender offer for Cordant Technologies Inc., which owns approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 84.6% of Howmet, is scheduled to expire at 5:00 p.m. Eastern Daylight Savings Time on Friday, May 19, 2000. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion