Brand Scaffold Services Inc. Extends Exchange Offer Expiration Date.CHESTERFIELD Chesterfield, city (1991 pop. 73,352) and district, Derbyshire, central England. An important industrial center, Chesterfield produces mining equipment, railroad cars, metal products, glass, and pottery. , Mo.--(BUSINESS WIRE)--Nov. 12, 1998--Brand Scaffold scaffold Temporary platform used to elevate and support workers and materials during work on a structure or machine. It consists of one or more wooden planks and is supported by either a timber or a tubular steel or aluminum frame; bamboo is used in parts of Asia. Services, Inc. (the "Company") today announced that it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 its offer to exchange (the "Exchange Offer") its 14.5% Senior Exchangeable Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. due 2008 (the "New Preferred Stock") for any and all of the Company's outstanding, unregistered 14.5% Senior Exchangeable Preferred Stock due 2008 (the "Old Preferred Stock"), until 5:00 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 November 25, 1998, unless extended. The Exchange Offer was previously set to expire at 5:00 p.m., New York City time today. The New Preferred Stock is identical in all material respects to the Old Preferred Stock, except that the New Preferred Stock has been registered under the Securities Act. Except for the extension of the expiration date, all other terms and provisions of the Preferred Stock Exchange Offer remain as set forth in the Preferred Stock Exchange Offer prospectus furnished to the registered holders of the Old Preferred Stock. U.S. Trust Company of Texas, N.A., is serving as the Exchange Agent in connection with the Exchange Offer. |
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