Jacuzzi (NYSE:JJZ)
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From May 2019 to May 2024
Jacuzzi Brands, Inc. (NYSE: JJZ) today announced that the Company
and each of its directors have been named as defendants in two purported
stockholder class action lawsuits filed on October 13, 2006 in the
Chancery Court of the State of Delaware. The lawsuits generally allege
that the directors have breached their fiduciary duties in connection
with their actions in agreeing to the Company’s
proposed merger with a wholly owned subsidiary of Apollo Management L.P.
The complaints seek injunctive relief as well as damages.
The Company has reviewed the allegations contained in the complaints and
believes that the lawsuits are without merit. The Company intends to
vigorously defend itself against the claims.
About Jacuzzi Brands
Jacuzzi Brands, Inc., through its subsidiaries, is a global manufacturer
and distributor of branded bath and plumbing products for the
residential, commercial and institutional markets. These include
whirlpool baths, spas, showers, sanitary ware and bathtubs, as well as
professional grade drainage, water control, commercial faucets and other
plumbing products. Our products are marketed under our portfolio of
brand names, including JACUZZI®,
SUNDANCE®, ZURN®,
and ASTRACAST®.
Learn more at www.jacuzzibrands.com.
Disclosure Concerning Forward-Looking
Statements
Any forward-looking statements made within this release, including the
Company’s current expectations with respect
to the completion of the proposed transaction, future market conditions,
future operating results and other plans, represent management’s
best judgment as to what may occur in the future and are intended to
fall within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as “expects,”
“intends,” “plans,”
“projects,” “believes,”
“estimates,” “may,”
“will,” “should,”
“shall,” and
similar expressions typically identify such forward-looking statements.
Even though the Company believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it can
give no assurance that its expectations will be attained. In particular,
various economic and competitive factors, including those outside our
control, such as interest rates, foreign currency exchange rates,
inflation rates, instability in domestic and foreign financial markets,
terrorist acts, consumer spending patterns, energy costs and
availability, freight costs, availability of consumer and commercial
credit, adverse weather, levels of residential and commercial
construction, and changes in raw material and component costs, and the
credit worthiness of our customers, insurers, and investees, and other
factors contained in the Company’s filings
with the Securities and Exchange Commission could cause our actual
results during the remainder of 2006 and in the future years, and other
future expectations to differ materially from those expressed in this
press release.
Jacuzzi Brands, Inc. (NYSE: JJZ) today announced that the Company
and each of its directors have been named as defendants in two
purported stockholder class action lawsuits filed on October 13, 2006
in the Chancery Court of the State of Delaware. The lawsuits generally
allege that the directors have breached their fiduciary duties in
connection with their actions in agreeing to the Company's proposed
merger with a wholly owned subsidiary of Apollo Management L.P. The
complaints seek injunctive relief as well as damages.
The Company has reviewed the allegations contained in the
complaints and believes that the lawsuits are without merit. The
Company intends to vigorously defend itself against the claims.
About Jacuzzi Brands
Jacuzzi Brands, Inc., through its subsidiaries, is a global
manufacturer and distributor of branded bath and plumbing products for
the residential, commercial and institutional markets. These include
whirlpool baths, spas, showers, sanitary ware and bathtubs, as well as
professional grade drainage, water control, commercial faucets and
other plumbing products. Our products are marketed under our portfolio
of brand names, including JACUZZI(R), SUNDANCE(R), ZURN(R), and
ASTRACAST(R). Learn more at www.jacuzzibrands.com.
Disclosure Concerning Forward-Looking Statements
Any forward-looking statements made within this release, including
the Company's current expectations with respect to the completion of
the proposed transaction, future market conditions, future operating
results and other plans, represent management's best judgment as to
what may occur in the future and are intended to fall within the
meaning of the Private Securities Litigation Reform Act of 1995. Words
such as "expects," "intends," "plans," "projects," "believes,"
"estimates," "may," "will," "should," "shall," and similar expressions
typically identify such forward-looking statements. Even though the
Company believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained. In particular,
various economic and competitive factors, including those outside our
control, such as interest rates, foreign currency exchange rates,
inflation rates, instability in domestic and foreign financial
markets, terrorist acts, consumer spending patterns, energy costs and
availability, freight costs, availability of consumer and commercial
credit, adverse weather, levels of residential and commercial
construction, and changes in raw material and component costs, and the
credit worthiness of our customers, insurers, and investees, and other
factors contained in the Company's filings with the Securities and
Exchange Commission could cause our actual results during the
remainder of 2006 and in the future years, and other future
expectations to differ materially from those expressed in this press
release.