Gregory Shepard Terminates State Auto Financial Tender Offer and Announces Agreement to Sell 1,000,000 STFC Shares to an Entity Owned by Carl Icahn.Business Editors CHICAGO--(BUSINESS WIRE)--May 10, 2004 Gregory M. Shepard M. Shepard is the tenth track on War All The Time. It is named for Matthew Shepard an American student at the University of Wyoming who was fatally attacked near Laramie, Wyoming, on the night of October 6 – October 7, 1998 in what was widely reported by international news today announced that he has terminated the tender offer made by himself and his wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , STFC STFC Swindon Town Football Club STFC Self Test Feature Check STFC Shrewsbury Town Football Club STFC Star Trek: First Contact STFC Saskatoon Track and Field Club (Saskatoon, SK, Canada) Acquisition Corporation, for 8,000,000 shares of State Auto Financial Corporation (Nasdaq:STFC) for $32.00 per share in cash. The offer was to expire 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 on Friday, May 14, 2004. No shares of State Auto Financial Corporation were purchased by Mr. Shepard and STFC Acquisition Corporation pursuant to the offer, and all tendered shares will be returned promptly. After the Offer was terminated on May 7, 2004, Shepard entered into an oral agreement with an entity owned by Carl Icahn Carl Celian Icahn (born February 16, 1936) is an American billionaire financier, corporate raider, and private equity investor. Carl Icahn Net worth is $14.5 Billion as of 2007 Forbes estimate. to sell 1,000,000 of Shepard's STFC shares in a private transaction at a price of $13.00 per share. The sale is expected to occur on Monday, May 10, 2004. For further information, please contact Mellon Investor Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the Information Agent for the tender offer, at 888-451-6741. This press release contains forward looking statements. These forward looking statements are based on currently available competitive, financial and economic data and STFC Acquisition Corporation's and Mr. Shepard's views and assumptions regarding future events. Such forward looking statements are inherently uncertain. ADDITIONAL INFORMATION RELATING TO THE TENDER OFFER IS CONTAINED IN THE SCHEDULE TO AND THE SCHEDULE TO/A FILED BY GREGORY M. SHEPARD AND STFC ACQUISITION CORPORATION WITH RESPECT TO STATE AUTO FINANCIAL CORPORATION. THOSE SCHEDULES ARE CURRENTLY AVAILABLE AT NO CHARGE ON THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT http://www.sec.gov. |
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