Chemed Corporation and Chemed Capital Trust Announce Extension of Exchange Offer.Business Editors CINCINNATI--(BUSINESS WIRE)--Jan. 25, 2000 Chemed Corporation (NYSE NYSE See: New York Stock Exchange :CHE) and Chemed Capital Trust announced today that they have extended their offer to exchange Convertible Trust Preferred Securities of Chemed Capital Trust for up to 2,000,000 shares of Capital Stock of Chemed Corporation until January 31, 2000, at midnight, Eastern time. Chemed Corporation and Chemed Capital Trust also announced that they have waived the Minimum Distribution Condition, which requires that for purposes of listing the Convertible Trust Preferred Securities on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as of the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. there be at least 1,000,000 shares validly tendered, by at least 400 record or beneficial holders of Chemed shares. Shareholders should note that, as a result of the waiver of this condition, the Convertible Trust Preferred Securities may not be listed on the New York Stock Exchange following the consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of the exchange offer. The exchange offer commenced on December 23, 1999. Approximately 562,182 shares have been tendered through the close of business on Monday, January 24, 2000. Chemed Corporation (www.chemed.com), headquartered in Cincinnati, is a 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 Stock Exchange-listed corporation with strategic positions in plumbing and drain cleaning; home healthcare services; and residential appliance and air-conditioning repair. |
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