American Safety Razor Company Announces Expiration of the Consent Date.VERONA, Va--(BUSINESS WIRE)--March 9, 1999-- for the 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 its 9 7/8% Series B Senior Notes due 2005 American Safety Razor Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RAZR) (the "Company") today announced that the period during which holders of its 9 7/8% Series B Senior Notes due 2005 would have had the right to receive a consent payment for the delivery of consents solicited pursuant to the Offer to Purchase and Consent Solicitation Statement dated February 22, 1999 (the "Statement") expired on March 5, 1999. As more fully described in the Statement, the Company is currently soliciting consents to proposed amendments to the Indenture pursuant to which the Notes were issued. As of March 5, 1999, the Company had not received the required number of consents to effect the proposed amendments. Holders of the Notes may continue to deliver consents either alone or in conjunction with the tender of the Notes in response to the offer and solicitation, on the terms and conditions set forth in the Statement, although the Company is no longer obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to pay Holders for the receipt of any consents. MacKenzie Partners, Inc. is acting as Information Agent in connection with the Statement. Please contact MacKenzie Partners, Inc. toll free at (800) 322-2885 or collect at (212) 929-5500 with any questions. American Safety Razor Company is the leading manufacturer of private-brand and value-priced shaving blades and razors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company's shaving blades 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 "Q-Tip" redirects here. For the rapper, see Q-Tip (rapper). For the band, see Q-Tips (band). Cotton swabs (British English: cotton buds) are used in first aid, cosmetics application, and a variety of other uses. , 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), AmericanLine(R), 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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