Reunion Industries Announces an Extension of Its Tender Offer to Purchase Its Senior Notes.PITTSBURGH -- Reunion Industries, Inc. (AMEX AMEX See: American Stock Exchange :RUN) announced today that it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. of its tender offer to purchase all of its outstanding 13% Senior Notes to Friday, December 15, 2006 at 5:00 PM 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. The extension is being made to enable those holders who have not tendered, including several large holders of the Notes, additional time to make a decision on the tender offer. As of Friday, December 8, 2006 approximately 23%, more than $5 million, of the outstanding Senior Notes had been tendered, which includes all Notes held by management. The complete terms and conditions of the 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 , other than the extended expiration date, are described in the Amended Offer to Purchase and Consent Solicitation Statement dated November 22, 2006, copies of which may be obtained from the Company by contacting John M. Froehlich at (412) 281-2111. This press release does not constitute an offer to purchase or a solicitation of an offer to sell any of the Senior Notes. The offers are made solely by the Amended Offer to Purchase and Consent Solicitation dated November 22, 2006. Reunion Industries manufactures and markets a broad range of metal products and parts, including seamless steel pressure vessels Pressure vessel A cylindrical or spherical metal container capable of withstanding pressures exerted by the material enclosed. Pressure vessels are important because many liquids and gases must be stored under high pressure. , fluid power cylinders and metal bar grating. The Company is headquartered at 11 Stanwix Street, Suite 1400, Pittsburgh, PA, 15222. |
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