Correcting figure in headline and 1st graf, replacing 6th graf and correcting contact in BW1157, (JOHNSTOWN-AMER/TRUCK-COMP).CHICAGO--(BUSINESS WIRE)--June 29, 1995--In BW1157 (JOHNSTOWN-AMER/TRUCK-COMP) Johnstown America Industries, Inc.'s Subsidiary, JTN JTN Justice (Department) Telecommunication Network JTN Joint Targeting Network Acquisition Corp., Commences Cash Tender Offer..., in headline and first graf, 4th line, read it: Series B 12-1/4% Senior Notes (sted Series B 12,%) Also, 6th graf should be replaced to read: Chemical Securities Inc. is acting as dealer manager and solicitation agent for the tender offer and consent solicitation 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 . Questions and requests for assistance should be directed to Chemical Mellon Shareholder Services, which is acting as information agent, at 800-648-8169. Finally, contact should read: Chemical Mellon Shareholder Services, 800-648-8169. A corrected version follows: JOHNSTOWN AMERICA INDUSTRIES, INC.'S SUBSIDIARY, JTN ACQUISITION CORP., COMMENCES CASH TENDER OFFER AND CONSENT SOLICITATION FOR SERIES B 12-1/4% SENIOR NOTES OF TRUCK COMPONENTS INC. FOR TOTAL PRICE OF $1,100 PER $1,000 PRINCIPAL Business Editors CHICAGO--(BUSINESS WIRE)--June 29, 1995--Johnstown America Industries, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :JAII) today announced that its wholly-owned subsidiary, JTN Acquisition Corp., has commenced a cash tender offer and consent solicitation for the Series B 12-1/4% Senior Notes due June 30, 2001 of Truck Components Inc. (the "Notes"). The tender offer and the consent solicitation is being made in connection with the previously announced merger agreement pursuant to which Johnstown America Industries, Inc. will acquire all of the outstanding shares of common stock of Truck Components Inc. (NASDAQ:TRCK) at a price of $16.00 per share in cash. In its cash tender offer, JTN Acquisition Corp. is offering to buy any and all of the Notes at a price of $1,080 per $1,000 principal amount, plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. through the payment date, if any. In connection with the tender offer, JTN Acquisition Corp. also is soliciting consents to amend certain provisions of the indenture governing the Notes and offering a cash payment to each consenting holder of $20 for each $1,000 principal amount of Notes with respect to which valid consents are delivered. Tenders of Notes will not be accepted unless the tendering holder also consents to the proposed amendments to the indenture. The terms of the tender offer and the consent solicitation are contained in an Offer to Purchase and a Consent Solicitation 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. . The tender offer and the consent solicitation is conditioned upon, among other things, (i) there having been validly tendered and not withdrawn 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. a majority of the aggregate outstanding principal amount of the Notes, (ii) receipt by JTN Acquisition Corp. of consents from holders of a majority of the aggregate outstanding principal amount of the Notes and (iii) the consummation of the proposed merger between Truck Components Inc. and JTN Acquisition Corp. pursuant to which Truck Components Inc. will become a wholly-owned subsidiary of Johnstown America Industries, Inc. The effectiveness of such merger is subject to certain conditions, including, among others, the merger being authorized by the stockholders of Truck Components Inc., the receipt of any required third party and governmental consents to the transaction and sufficient financing having been obtained by Johnstown America Industries, Inc. The tender offer and the consent solicitation will expire at 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 July 27, 1995, unless extended. Chemical Securities Inc. is acting as dealer manager and solicitation agent for the tender offer and consent solicitation. Questions and requests for assistance should be directed to Chemical Mellon Shareholder Services, which is acting as information agent, at 800-648-8169. Johnstown America Industries, Inc., headquartered in Chicago, Illinois, has four operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon : Johnstown America Corporation, Johnstown, Pennsylvania Johnstown is a city in Cambria County, Pennsylvania, United States, 60 miles east of Pittsburgh and 46 miles (76.6 km) west-south west of Altoona, Pennsylvania. The population was 27,906 at the 2000 census. , a leading manufacturer of railroad freight cars that are used principally for hauling coal, intermodal containers, highway trailers and agricultural and mining products; JAIX Leasing Company, a lessor One who rents real property or Personal Property to another. A lessor of land is a landlord. Cross-references Landlord and Tenant. lessor n. the owner of real property who rents it to a lessee pursuant to a written lease. of new and used railcars; Freight Car Services, Inc., Danville, Illinois  Editing of this page by unregistered or newly registered users is currently disabled to prevent sock puppets of currently blocked or banned users from editing it. , a repairer and rebuilder of railcars; and Bostrom Seating, Inc., Piedmont, Alabama Piedmont is a small, rural town in Calhoun County, Alabama, United States. At the 2000 census the population was 5,120. It is included in the Anniston-Oxford, Alabama Metropolitan Statistical Area. , the leading manufacturer of suspension and static seating for the heavy truck market. CONTACT: Andrew M. Weller Executive Vice President and Chief Financial Officer Johnstown America Industries, Inc. 312-280-8844 or Chemical Mellon Shareholder Services 800-648-8169 |
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