Continental Global Group, Inc. Announces Tender Offer for 11% Series B Senior Notes Due 2007.Business Editors WINFIELD, Ala.--(BUSINESS WIRE)--April 6, 2001 Continental Global Group, Inc. announced that on April 3, 2001, it commenced a tender offer to purchase for cash up to $54,000,000, or 45%, of its 11% Series B Senior Notes Due 2007, which are currently outstanding in the aggregate principal amount of $120,000,000. The consideration for each $1,000 principal amount of Notes tendered and purchased pursuant to the tender offer will be $380 in cash, plus accrued and unpaid interest on the Notes to their date of purchase. The tender offer will expire at 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 May 1, 2001. Prior to the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. , Continental Global Group, Inc. may amend, supplement, terminate and/or extend the tender offer at any time. The tender offer is subject to the terms and conditions set forth in the Offer to Purchase, dated April 3, 2001, which has been filed with the Securities and Exchange Commission on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. . CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Corp. is acting as Dealer Manager in connection with the tender offer. Morrow & Co., Inc. has been appointed Information Agent and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank Minnesota, N.A., has been appointed Depositary for the tender offer. Continental Global Group, Inc., is a leading worldwide manufacturer and distributor of bulk material handling and replacement conveyor equipment, primarily for use in the mining industries. THIS ANNOUNCEMENT IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL WITH RESPECT TO THE NOTES. THE OFFER IS BEING MADE SOLELY BY THE OFFER TO PURCHASE, DATED APRIL 3, 2001, AND THE RELATED LETTER OF TRANSMITTAL Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. , AS THE SAME MAY BE AMENDED FROM TIME TO TIME. |
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