C. V. Starr & Co., Inc. Completes Its Subsequent Offering Period.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- C. V. Starr & Co., Inc. (the "Company") today announced that the subsequent offering period of its tender offer to purchase shares of its common stock and 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. held by certain of its holders was terminated prior to its scheduled expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 11:59 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 Tuesday, January 17, 2006. The subsequent offering period commenced at 12:01 a.m., New York City time, on Friday, December 30, 2005. The subsequent offering period was terminated early because all remaining persons eligible to tender into the offer validly tendered all of their shares. The Company has accepted for purchase and payment all of the shares that were tendered in the subsequent offering period. Following the termination of the subsequent offering period, the final results of the Company's self tender offer show that a total of 5,125 shares of voting common stock were validly tendered in the subsequent offering period, representing approximately 16.2% of the outstanding shares of the Company's voting common stock and a total of 1,000 shares of non-voting common stock were validly tendered in the subsequent offering period, representing approximately 17.4% of the outstanding shares of the Company's non-voting common stock. The above tenders when combined with those from the initial offering period result in an aggregate of 16,125 shares of voting common stock being validly tendered in the offer, representing approximately 51% of the outstanding shares of the Company's voting common stock and an aggregate of 5,500 shares of non-voting common stock being validly tendered in the offer, representing approximately 95.7% of the outstanding shares of the Company's non-voting common stock. The number of outstanding shares is as of the close of business on December 29, 2005 and does not reflect any transactions subsequent to such date. THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY, AND IS NOT AN OFFER TO BUY OR THE SOLICITATION solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual OF AN OFFER TO SELL ANY SHARES OF CAPITAL STOCK OF THE COMPANY. THE SOLICITATION OF OFFERS TO BUY SHARES OF CAPITAL STOCK OF THE COMPANY WAS MADE ONLY PURSUANT TO THE OFFER TO PURCHASE, THE SUPPLEMENT THERETO there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. AND THE LETTER OF TRANSMITTAL Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. . |
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