American Safety Razor Announces Termination of Tender Offer and Consent Solicitation for its 9 7/8% Series B Senior Notes Due 2005.VERONA, Va.--(BUSINESS WIRE)--April 26, 1999-- American Safety Razor Company (Nasdaq:RAZR) (the "Company") today announced that it has decided not to further extend its tender offer and consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with for all of its outstanding 9 7/8% Series B Senior Notes due 2005 (the "Notes"), which expired at 2:00 p.m., 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 April 26, 1999. No Notes will be purchased by the Company because the minimum tender offer condition for the consummation of the offer was not satisfied prior to the April 26th expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. . All tendered Notes will be promptly returned to the record holders. RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. Acquisition Corp., an affiliate of J.W. Childs Equity Partners II, L.P., recently completed its successful tender for outstanding shares of the Company which expired, as scheduled, at 2:00 p.m., New York City time, on April 23, 1999. American Safety Razor Company is the leading manufacturer of private-brand and value-priced shaving blades and razors in the United States. The Company's shaving blade and razor products are sold under retailers' private-brand names as well as American Safety Razor's own brands: Personna(R), Gem(R), Flicker(R), LegMate(R), Bump Fighter(R), Treet(R), GEM Blue Star(R), Pal(R), MBC (Multimedia Benchmark Committee) A graphics benchmark that provides MPEG-2 and other tests. See GPC. (tm), and Burma Shave(tm). The Company also manufactures cotton swabs, cotton balls and puffs, and foot care items which are sold under retailers' private-brand names as well as its own value-priced brands, Megas(R), ACCO ACCO American College of Chiropractic Orthopedists ACCO Association of County Commissioners of Oklahoma ACCo American Cyanamid Company ACCO Adenoid Cystic Carcinoma Organization ACCO American Clip Company ACCO Assistant Central Control Officer (R), and Crystal(R). The Company is also a leading manufacturer of premium and value-priced blades and bladed hand tools, sold primarily under the Personna(R), American Line(tm), and Ardell(tm) brand names, as well as bar soaps for the cosmetic/skin care, pharmaceutical, and department store markets. In addition to its consumer products, American Safety Razor manufactures and markets industrial and specialty and medical blades. |
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