Joseph E. Seagram & Sons, Inc. Completes Tender Offer and Consent Solicitation for Its 8.00% Senior Quarterly Income Debt Securities Due 2038 -"QUIDSsm"-.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 16, 2001 Joseph E. Seagram Joseph Emm Seagram (April 15, 1841 - August 18, 1919) was a Canadian distillery founder, politician, philanthropist, and major owner of thoroughbred racehorses. Born at Fisher's Mills, now part of Cambridge, Ontario, his parents died when he was in his teens and for several & Sons, Inc. ("JES (Job Entry Subsystem) Software that provides batch communications for IBM's MVS operating system. It accepts data from remote batch terminals, executes them on a priority basis and transmits the results back to the terminals. The JES counterpart in VM is RSCS. ") today announced the successful completion of its tender offer and consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with (collectively, the "offer") with respect to its 8.00 percent Senior Quarterly Income Debt Securities due 2038 ("QUIDSsm"), which have been guaranteed as to payment of principal and interest by The Seagram Company Ltd. (Seagram). JES has accepted for payment all QUIDS validly tendered and not properly withdrawn pursuant to the offer. The offer expired 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on January 12, 2001, and as of such expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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listed stock options in the U.S. , approximately 86.4 percent of the QUIDS had been validly tendered and not properly withdrawn pursuant to the offer. JES expects that payment for QUIDS purchased pursuant to the offer will be made on January 22, 2001. As previously announced, the requisite consents to the proposed amendments to the QUIDS and the indenture pursuant to which the QUIDS were issued were received prior to 5:00 p.m., New York City time, on January 5, 2001. A supplemental indenture to effect such amendments has been executed and delivered by SCL (1) (Switch-to-Computer Link) Refers to applications that integrate the computer through the PBX. See switch-to-computer. (2) A file extension used for ColoRIX bitmapped graphics file format (640x400 256 colors). (language) SCL - 1. , JES and the trustee. The amendments become operative upon the purchase by JES of the QUIDS validly tendered and not properly withdrawn pursuant to the offer. Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. acted as dealer managers for the tender offer and consent solicitation. This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any securities. The Seagram Company Ltd., a subsidiary of Vivendi Universal, operates in several global business segments: music, filmed entertainment and recreation and other. As previously announced, Vivendi Universal has reached a definitive agreement to sell its spirits and wine business to Diageo and Pernod Ricard Pernod Ricard (Euronext: RI) is a French company producing alcoholic beverages. Their most famous product, Pernod Anise (40% alcoholic volume) and Ricard Pastis, are both pastis, and often referred to as simply Ricard or Pernod. . Vivendi Universal, headquartered in Paris, France, operates a number of leading and increasingly integrated businesses in the telecommunications, multimedia, publishing and distribution, pay television, recreation and Internet industries. By combining an array of popular global and local content with advanced digital distribution technology, e-services and e-commerce, Vivendi Universal provides content to an international customer and subscriber base through a variety of access devices. Vivendi Universal produces, markets and distributes recorded music, motion picture, television and home video products throughout the world in all major genres; operates and has ownership in a number of international cable channels; engages in the licensing of merchandising rights and film property rights; operates theme parks and retail stores; and is also involved in the development of entertainment software. In addition, through its environment division, Vivendi Universal provides world-class water, waste management, transportation and energy services operations. QUIDS is a service mark of Goldman, Sachs & Co. |
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