Clark-Schwebel and Parent Announce Extension of Tender Offer Expiration Date.ANDERSON, S.C.--(BUSINESS WIRE)--Sept. 2, 1998--Clark-Schwebel, Inc. (BLOOMBERG:6703Z) and its parent company, Clark-Schwebel Holdings, Inc., announced today that the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. for the previously announced tender offers, dated July 29, 1998, to purchase debt securities (as set forth below) from registered holders has been extended from the extension previously announced on Sept. 1, 1998, until 10:00 a.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, Tuesday, Sept. 8, 1998, unless further extended. Pricing of the tender offers will occur two days prior to the expiration date. -0-
Aggregate Principal Description Amount Tendered and
Outstanding Amount Consents
$110,000,000 10-1/2% Senior $110,000,000
Notes due 2006
$45,994,000 12-1/2% Senior $45,994,000
(at maturity) Debentures due 2007
Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. is acting as the Dealer Manager forthe tender offers and the consent solicitations 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 . 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. for the tender offer is State Street Bank and Trust Company The State Street Bank and Trust Company is a bank. It was a subsidiary of the State Street Corporation, until it sold off the retail banking portion of this unit in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, RI. . The tender offers and consent solicitations are being made pursuant to Offers to Purchase and Consent Solicitations Statement and related Consent and Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. , which more fully set forth the terms of the tender offers and consent solicitations. Additional information on the terms and conditions of the tender offer and consent solicitation may be obtained from the Liability Management Group of Merrill Lynch at 888/ML4-TNDR or 212/449-4914. Copies of the Offers to Purchase and Consent Solicitations Statement and related documents may be obtained from Beacon Hill Bea·con Hill An area of Boston, Massachusetts, noted for its historic residences, brick sidewalks, and picturesque mews. Noun 1. Beacon Hill - a fashionable section of Boston; site of the Massachusetts capital building Partners, Inc. at 212/843-8500 or 800/755-5001. This press release contains forward-looking statements within the meaning of applicable federal securities laws. These statements are based upon current expectations and assumptions that are subject to a number of risks and uncertainties which could cause actual results to materially differ from those anticipated. This news release is neither an offer to purchase nor a solicitation of an offer to sell securities. The offers and consent solicitations are made only by the Offers to Purchase and Consent Solicitations Statement dated July 29, 1998.
CONTACT: Clark & Weinstock, New York
Gene Donati
212/953-2550
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