Alliance Standard III Offerors Announce Extension of Tender Offer, Seek 707,000 Shares of Security Investments Group.NEW YORK--(BUSINESS WIRE)--Feb. 11, 1998--Alliance Standard III L.L.C. and Alliance Standard III Corp. announced today that the board of directors of Security Investments Group Inc. has not approved the offerors' acquisition of 1,000,000 shares pursuant to the Alliance Standard III companies' offer to purchase shares of Security Investments Group. Accordingly, as previously announced, the Alliance Standard III companies will seek to purchase only up to 707,000 shares of Security Investments Group. The Alliance Standard III companies have extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 their offer to purchase to Thursday Thursday: see week. , Feb. 26, 1998. The offer price will remain at $2.00 per share, and the tender offerors are paying soliciting dealers' fees of $0.20 per share. As of the close of business on Feb. 10, 1998, an aggregate of 1,791 shares had been tendered. The offerors also announced that they had recently responded to comments received from the U.S. Securities and Exchange Commission on the offer to purchase and are making a routine distribution to shareholders of a supplement to the offer to purchase. MacKenzie Mackenzie, river, c.1,120 mi (1,800 km) long, issuing from Great Slave Lake, Northwest Territories, Canada, and flowing generally NW to the Arctic Ocean through a great delta. Between Great Slave Lake and Lake Athabasca it is known as the Slave River. Partners Inc. is acting as Information Agent for the offer and may be contacted at 800/322-2885. Questions and requests for assistance or for copies of the Offer to Purchase (including the amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. supplement) and the related letters of transmittal and other tender offer documents may be directed to the Information Agent, and copies will be furnished fur·nish tr.v. fur·nished, fur·nish·ing, fur·nish·es 1. To equip with what is needed, especially to provide furniture for. 2. free of charge. CONTACT: MacKenzie Partners Inc. Larry Lar´ry n. 1. Same as Lorry, or Lorrie. Dennedy, 212/929-5239 |
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