CoorsTek Receives $21.00 Per Share Buy-out Proposal from Certain Members of the Coors Family and Related Trusts.Business Editors GOLDEN, Colo.--(BUSINESS WIRE)--Nov. 11, 2002 CoorsTek, Inc. (Nasdaq:CRTK CRTK Community Right-To-Know ) today announced that its Board of Directors has received an offer from certain members of the Coors family and related trusts to purchase all of CoorsTek's outstanding shares of common stock not held by them for a price of $21.00 per share. The CoorsTek Board of Directors is evaluating this offer and intends shortly to engage financial advisors to assist with the evaluation. The CoorsTek Board of Directors plans to evaluate the offer in a timely manner, but no definitive time frame has been determined. CoorsTek's Board of Directors and management have indicated that their review of the offer will be conducted in a manner that will minimize any disruptions to CoorsTek's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . CoorsTek designs and manufactures components, integrated assemblies, and automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. systems for the semiconductor capital equipment market and other high technology applications. Using technical ceramics ceramics (sərăm`ĭks), materials made of nonmetallic minerals that have been permanently hardened by firing at a high temperature, or objects made of such materials. , precision-machined metals, high performance plastics and ultra-pure fused quartz fused quartz n. See quartz glass. , CoorsTek's engineered solutions enable its customers' products to overcome technological barriers and improve performance. For additional information on CoorsTek, visit CoorsTek's website at www.coorstek.com. If the Coors family and related family trusts proceed with the offer, CoorsTek will be required to file a solicitation/recommendation statement in response to the offer with the Securities and Exchange Commission. Investors and security holders are advised to read the statement when and if it becomes available, because this document will contain important information. Investors and security holders may obtain a free copy of the solicitation/recommendation statement (when and if available) and other documents filed by CoorsTek at the SEC's web site at www.sec.gov. The solicitation/recommendation statement and the other documents filed by CoorsTek may also be obtained free of charge from CoorsTek by directing a request to CoorsTek, Inc., 16000 Table Mountain Parkway, Golden, Colo. 80403, telephone 303/277-4000, Attention: Investor Relations Investor relations The process by which the corporation communicates with its investors. . Certain statements in this Press Release constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve known or unknown risks, uncertainties, and other factors that may cause the actual results, performance, intentions or achievements of CoorsTek to be materially different from any future results, performance, intentions or achievements expressed or implied by the forward-looking statements. More detailed information regarding risks and uncertainties attendant to CoorsTek's business generally is available in CoorsTek's Registration Statement on Form S-1 (No. 333-38824), as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and CoorsTek's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , both filed with the Securities and Exchange Commission, which are available free of charge at the Commission's website at www.sec.gov. |
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