FAC Acquisition Corporation Completes Tender Offer for Hunt Corporation.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Dec. 16, 2002 FAC FAC - Functional Array Calculator. An APL-like language, but purely functional and lazy. It allows infinite arrays. ["FAC: A Functional APL Language", H.-C. Tu and A.J. Perlis, IEEE Trans Soft Eng 3(1):36-45 (Jan 1986)]. Acquisition Corporation ("FAC") announced today that it has completed its all-cash tender offer for the outstanding common shares of Hunt Corporation (NYSE NYSE See: New York Stock Exchange :HUN) ("Hunt") at a price of $12.50 per share. The tender offer expired, as scheduled, on Friday, December 13, 2002 at 12:00 midnight, 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. A preliminary count from American Stock Transfer & Trust Company, 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. for the offer, shows that approximately 8,411,803 common shares of Hunt had been tendered and accepted for payment as of the expiration of the offer (including approximately 208,057 common shares subject to guarantees of delivery), which together represent approximately 93% of the outstanding common shares. There are approximately 570,068 common shares that remain outstanding. FAC will accept and promptly pay for all shares validly tendered and not properly withdrawn prior to the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. . FAC and Hunt intend to complete a short-form merger promptly, pursuant to which FAC will be merged with and into Hunt, with Hunt as the surviving corporation. In connection with this merger, those Hunt shareholders who did not tender their shares in the tender offer will have their shares converted into the right to receive $12.50 per share in cash, subject to dissenters' rights. Georgeson Shareholders Communications Inc. is acting as Information Agent for the tender offer. Hunt Corporation, with operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, is an internationally recognized manufacturer and marketer of innovative office products and presentation and display solutions for business, education and consumer markets. Among Hunt's well-known product brand names are X-ACTO(R), BOSTON(R) and BIENFANG(R). |
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