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American Maize-Products rights offering begins.


STAMFORD, Conn.--(BUSINESS WIRE)--March 21, 1995--American Maize-Products Company (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AZE AZE Azerbaijan ) announced today the commencement of a rights offering to its Class B stockholders, pursuant to which such holders may purchase their proportionate share of an aggregate 757,943 newly issued shares of Class B Common Stock at a price of $40 per share. Eridania Beghin-Say, S.A. will purchase all such Class B shares not purchased in the rights offering. The rights offering is being conducted in accordance with the preemptive rights of the Class B holders. The rights offering is scheduled to expire on April 10, 1995, unless extended by the Company.

Pursuant to a merger agreement signed with American Maize, Eridania commenced a tender offer on February 28, 1995 for all outstanding shares of American Maize common stock at a price of $40 per share. Following the successful completion of the tender offer, a subsidiary of Eridania will merge with American Maize and holders of all remaining shares of American Maize will receive $40 per share.

American Maize, based in Stamford, Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. , produces corn sweeteners and a variety of specialty food and industrial starches at plants in Hammond, Indiana; Decatur, Alabama and Dimmitt, Texas. The company also produces cigars and smokeless tobacco smokeless tobacco,
n chewing tobacco (leaves) or tobacco powder (snuff) that allows the nicotine to be absorbed through the mucous membrane of the oral cavity or digestive tract. It is related to a high risk of oral cancer.
 products at plants located in Jacksonville, Florida and Wheeling, West Virginia Wheeling is a city in West Virginia, in the United States. Most of the city is in Ohio County, with a small part in Marshall County. It is the county seat of Ohio CountyGR6. .

CONTACT: American Maize-Products Company

Edward P. Norris, 203/356-9000
COPYRIGHT 1995 Business Wire
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Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 21, 1995
Words:225
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