Bell & Howell Company Extends Tender Offer for its 11 1/2% Senior Discount Debentures.SKOKIE, Ill.--(BUSINESS WIRE)--Sept. 12, 1997--Bell & Howell Company (NYSE NYSE See: New York Stock Exchange :BHW BHW Beamten Heimstätten Werk (German Building Society) BHW Boiler Hot Water BHW Brick Headwall BHW Blackman-Harris Window Function BHW Binary Halfword ) announced today that it has extended the expiration of its tender offer regarding Bell & Howell Company's 11 1/2% Series B Senior Discount Debentures due 2005 (the "11 1/2% Debentures") from 5:00 p.m. Friday, Sept. 12, 1997 to noon, Friday, Sept. 19, 1997. Bell & Howell Company commenced the tender offer of the 11 1/2% Debentures and a concurrent 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 on August 8, 1997. Bell & Howell will not pay the consent fee in connection with any further tenders. Approximately $279.5 million aggregate principal amount of the 11 1/2% Debentures are currently outstanding. As of the close of business on Sept. 12, 1997, approximately $108 million aggregate principal amount of the 11 1/2% Debentures have been tendered and are currently deposited with the Depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. . Donaldson, Lufkin & Jenrette Securities Corp. (212/892-4753) is acting as the dealer manager for the tender offer. Holders who tender their 11 1/2% Debentures in the tender offer will be deemed to have submitted consents in the consent solicitation. Holders who tender their 11 1/2% Debentures after Sept. 5, 1997 and before the tender offer expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 Sept. 19, 1997 will receive the tender price for their securities, but will not receive the consent fee. Consummation of the tender offer is subject to several conditions, some of which are beyond the company's control, and there can be no assurance that the tender offer will be consummated. Bell & Howell Company, headquartered in Skokie, Ill., is a leading worldwide provider of solutions for information access and high-volume mail processing. CONTACT: Bell & Howell Company, Skokie Kevin O'Shea
Kevin O'Shea (born May 28, 1947, in Toronto, Ontario) is a former professional ice hockey forward. He played in the National Hockey League with the Buffalo Sabres and St. , 847/470-6720 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion