Autoliv Completes Tender Offer for Shares of OEA.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 2, 2000 Autoliv, Inc. (NYSE NYSE See: New York Stock Exchange : ALV ALV Arvonlisävero (Finnish: value added tax) ALV Avian Leukosis Virus ALV Andorra La Vella (capital of Andorra) ALV Autonomous Land Vehicle ALV Asta La Vista ALV Alvin, Texas ALV Air Launched Vehicle ) (SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the : ALIV ALIV A Life in Vain (band) ) - the worldwide leader in automotive safety systems - announced today successful completion of the tender offer by OEA Merger Corporation, an indirect wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Autoliv, Inc. for all outstanding shares of common stock of OEA, Inc. for $10.00 per share, net to the seller in cash. The tender offer expired at midnight, 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 Monday, May 1, 2000. OEA Merger Corporation has accepted for purchase all shares validly tendered and not withdrawn prior to the expiration of the offer. Based on information provided by First Chicago Trust Company of New York, as Depositary, 19,507,906 shares of OEA, Inc. have been acquired by OEA Merger Corporation (including 95,632 shares subject to guarantees of delivery), representing approximately 95% of all outstanding shares. Payment for shares properly tendered and accepted will be made as promptly as practicable and, in the case of shares tendered by guaranteed delivery procedures, promptly after timely delivery of shares and required documentation. As previously announced, Autoliv, Inc. will acquire the remaining OEA, Inc. shares in a merger in which each share of OEA, Inc. common stock will be converted into the right to receive $10.00 in cash, subject to appraisal rights, and following which OEA, Inc. will become an indirect wholly owned subsidiary of Autoliv, Inc. Autoliv, Inc. and OEA, Inc. expect to consummate the merger as soon as practicable. ------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/02/20000502BIT00100/bit0001.doc http://www.bit.se/bitonline/2000/05/02/20000502BIT00100/bit0002.pdf |
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