Dayton Superior Announces Shareholder Approval of Recapitalization Merger.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--May 23, 2000 Dayton Superior (NYSE NYSE See: New York Stock Exchange :DSD (Direct Stream Digital) See SACD. ) today reported shareholder approval of the previously announced recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. merger between Stone Acquisition Corp., a subsidiary of Odyssey Investment Partners LP of 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. , and Dayton Superior, in which Dayton Superior's shareholders will receive $27 per share in cash at the closing of the merger. The merger will not be completed until the related financing is finalized, which now is anticipated to occur between mid-June and mid-July, 2000. Dayton Superior Corporation, with annual revenues of $322 million, is the largest North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer and distributor of metal accessories and forms used in concrete construction and metal accessories used in masonry construction and has an expanding construction chemicals business. The Company's products, which are marketed under the Dayton Superior(R), Dayton/Richmond(R), Symons(R), American Highway Technology(R) and Dur-O-Wal(R) names, among others, are used primarily in two segments of the construction industry: non-residential buildings and infrastructure construction projects. |
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