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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Macro Enterprises Inc | CSE:MCR | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.00 | 3.99 | 4.01 | 0 | 00:00:00 |
RNS Number:8088T SPX Corporation 05 January 2004 For immediate release January 5, 2004 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER RESTRICTED JURISDICTION SPX CORPORATION Recommended Cash Offer by JPMorgan on behalf of SPX Air Filtration Limited (a wholly owned subsidiary of SPX Corporation) for McLeod Russel Holdings PLC Level of Acceptances and Extension of Offer 1. Level of acceptances SPX Corporation ("SPX") announces that, as at 3.00 p.m. on January 2, 2004, being the first closing date of the recommended cash offer ("Offer") for the entire issued and to be issued share capital of McLeod Russel Holdings PLC ("McLeod Russel") as set out in the offer document dated December 12, 2003 (the "Offer Document"), valid acceptances of the Offer had been received in respect of 42,189,418 McLeod Russel Shares representing approximately 80.96 per cent. of the existing issued share capital of McLeod Russel. Prior to the announcement of the Offer on December 2, 2003, the Offeror had received irrevocable undertakings to accept (or procure the acceptance of) the Offer from the Directors of McLeod Russel in respect of their own beneficial holdings of, in aggregate, 645,870 McLeod Russel Shares, representing approximately 1.2 per cent. of the existing issued share capital of McLeod Russel. The Offeror has also received irrevocable undertakings from certain other shareholders in respect of 13,462,000 McLeod Russel Shares, representing approximately 25.8 per cent. of the existing issued share capital of McLeod Russel. Save as disclosed in this announcement or the Offer Document, neither SPX nor the Offeror, nor any persons acting or deemed to be acting in concert with SPX or the Offeror, held any McLeod Russel Shares (or rights over any McLeod Russel Shares) prior to the Offer Period and neither SPX nor the Offeror nor any persons acting or deemed to be acting in concert with SPX or the Offeror, have acquired or agreed to acquire any McLeod Russel Shares (or rights over any McLeod Russel Shares) since the commencement of the Offer Period. 2. Extension of Offer The Offer has been extended and will remain open for acceptance until 3.00 p.m. (London time) on January 9, 2004. Forms of Acceptance not yet returned should be completed and returned in accordance with the instructions set out in the Offer Document and in the Form of Acceptance so as to be received as soon as possible and, in any event, by not later than 3.00 p.m. (London time) on January 9, 2004. Any further extensions of the Offer will be publicly announced by 8.00 a.m. (London time) on the business day following the day on which the Offer was otherwise due to expire. Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the Offer Document. Enquiries: JPMorgan Henry Lloyd Tel: +44 20 7777 2000 Eamon Brabazon Tel: +44 20 7777 2000 Capita IRG Plc Tel: 0870 162 3100 (receiving agent) (or +44 20 8639 2157 if telephoning from outside the UK) The contents of this announcement have been approved by J.P. Morgan PLC of 125 London Wall, London EC2Y 5AJ (regulated in the United Kingdom by the Financial Services Authority). The Offeror Directors and John B Blystone, Chairman, President and CEO of SPX, accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Offeror Directors and John B Blystone (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. JPMorgan, which is regulated in the UK by The Financial Services Authority, is acting exclusively for SPX and the Offeror and no one else in connection with the Offer and will not be responsible to anyone other than SPX and the Offeror for providing the protections offered to customers of JPMorgan, or for providing advice in relation to the Offer. This announcement does not constitute an offer to sell or an invitation to purchase any securities or the solicitation of an offer to buy any securities, pursuant to the Offer or otherwise. The full terms and conditions of the Offer (including details of how the Offer may be accepted) are set out in the Offer Document and the Form of Acceptance. The Offer is not being made, directly or indirectly, in or into or by the use of the mails of, or by any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce of, or through any facilities of a national securities exchange of, the United States, Canada, Australia, Japan or any jurisdiction where to do so would violate the laws in that jurisdiction, and the Offer is not capable of acceptance from or within the United States, Canada, Australia, Japan or any such other jurisdiction. Accordingly, copies of the Offer Document, the Form of Acceptance and any accompanying documents are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from the United States, Canada, Australia, Japan or any jurisdiction where to do so would violate the laws in that jurisdiction, and persons receiving the Offer Document, the Form of Acceptance and any accompanying documents (including custodians, nominees and trustees) must not mail or otherwise distribute or send them in, into or from such jurisdictions as doing so may invalidate any purported acceptance of the Offer. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions. Receipt of this announcement will not constitute an offer in those jurisdictions in which it would be illegal to make the Offer and in such circumstances it will be deemed to have been sent for information purposes only. This information is provided by RNS The company news service from the London Stock Exchange END OUPMGGGMZDDGDZZ
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