Crowley Newco Corporation Announces Extension of Tender Offer.JACKSONVILLE, Fla. -- Crowley Newco Corporation (the "Purchaser") today announced that it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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 its tender offer for shares of common stock of Crowley Maritime Crowley Maritime Corporation, based in Oakland, CA, and founded in 1892, is primarily a family and employee-owned company that provides transportation and logistics services in U.S. Corporation ("Crowley"). On March 19, 2007, the Purchaser commenced a tender offer to purchase all outstanding shares of Crowley common stock that it does not beneficially own at a price of $2,990 per share in cash, net to the seller. The tender offer was originally scheduled to expire today 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. The offer will now expire at 5:00 p.m., New York City time, on Monday, April 30, 2007, unless extended. As of 5:00 p.m., New York City time on April 20, 2007, approximately 19,934 shares of Crowley common stock had been tendered to the Purchaser at the price of $2,990 per share, consisting of 19,897 shares tendered and 37 shares in respect of which the Purchaser has received notices of guaranteed delivery. As a result of the extension, the Purchaser will promptly file with the Securities and Exchange Commission amendments to its tender offer documents. The amendments may be obtained on the Securities and Exchange Commission's web site at www.sec.gov. Stockholders who have not yet tendered their shares are urged to tender their shares so that the Purchaser may complete the pending transaction. Stockholders who tender their shares will receive $2,990 per share in cash following 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 tender offer. Stockholders of record can tender their shares by completing and mailing the Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. , along with any other required documents, to 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. , Registrar See domain name registrar. and Transfer Company. If shares are held in street name, the stockholder must contact the appropriate broker in order to tender its shares. Stockholders can call D.F. King & Co., Inc., the Information Agent for the transaction, to request the tender offer documents or to ask questions about the tender process. Banks and brokers can call collect at 212-269-5550, and all others can call toll free at 800-487-4870. Stockholders who have already tendered their shares need not take any additional action. Stockholders should read the tender offer documents, as amended, which are on file with the Securities and Exchange Commission, as they contain important information about the tender offer. Investors can obtain such tender offer documents and other filed documents free of charge at the Securities and Exchange Commission's website at www.sec.gov. This press release is not an offer to purchase, a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to purchase or an offer to sell securities. Such an offer or solicitation is only made pursuant to the Offer to Purchase filed with the Securities and Exchange Commission. |
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