Dayton Superior Finalizes Recapitalization Merger.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--June 16, 2000 Dayton Superior (NYSE NYSE See: New York Stock Exchange :DSD (Direct Stream Digital) See SACD. ) today reported the completion of the 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 with Stone Acquisition Corp., a subsidiary of Odyssey Odyssey (ŏd`ĭsē): see Homer. Odyssey Homer’s long, narrative poem centered on Odysseus. [Gk. Lit.: Odyssey] See : Epic Odyssey Investment Partners Fund LP. The closing completes the merger, announced earlier this year. As a result of the merger, Dayton Superior's shareholders will receive $27 per share in cash. In commenting on the closing, J. A. "Chic" Ciccarelli, Dayton Superior's President and Chief Executive Officer said, "We want to thank our shareholders for their support over the last several years. The employees of the company did successfully execute our business model and we also thank them for their support. We look forward to working with Odyssey Investment Partners as we continue to focus on building our business, serving our customers, and working with our employees in those efforts." 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 masonry: see brick; concrete; stonework; tile. masonry Craft of building in stone, brick, or block. By 4000 BC, Egypt had developed an elaborate cut-stone technique. 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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