Taylor & Martin Grp., Inc.Common Stock (NYSE:TMG)
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From Jun 2019 to Jun 2024
TransMontaigne Inc. (NYSE: TMG) today announced that the
stockholders of TransMontaigne have approved its previously announced
merger agreement relating to the proposed acquisition of
TransMontaigne by Morgan Stanley Capital Group Inc. Approximately 99%
of the shares of TransMontaigne common stock present in person or by
proxy at the special meeting voted in favor of the merger transaction,
which represented approximately 69% of the shares of TransMontaigne
common stock entitled to vote at the special meeting. Subject to
satisfaction of customary closing conditions, TransMontaigne currently
expects to complete the merger on September 1, 2006. Upon consummation
of the merger, holders of our common stock will receive cash
consideration of $11.35 per share, without interest. Holders of our
common stock will receive instructions from U.S. Bank National
Association, the paying agent, on how to exchange their shares of
common stock for the cash consideration. Following the merger,
TransMontaigne will be privately held and shares of our common stock
will no longer be traded on the New York Stock Exchange.
About TransMontaigne Inc.
TransMontaigne Inc. (the "Company") is a refined petroleum
products marketing and distribution company based in Denver, Colorado,
with operations in the United States, primarily in the Gulf Coast,
Midwest and East Coast regions. The Company's principal activities
consist of (i) terminal, pipeline, and tug and barge operations, (ii)
marketing and distribution, (iii) supply chain management services and
(iv) managing the activities of TransMontaigne Partners L.P. (NYSE:
TLP). The Company's customers include refiners, wholesalers,
distributors, marketers, and industrial and commercial end-users of
refined petroleum products. Corporate news and additional information
about TransMontaigne Inc. is available on the Company's web site:
www.transmontaigne.com
Forward-Looking Statements
This press release includes statements that may constitute
forward-looking statements made pursuant to the safe harbor provision
of the Private Securities Litigation Reform Act of 1995. This
information may involve risks and uncertainties that could cause
actual results to differ materially from the forward-looking
statements. Although the Company believes that the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, such statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
projected. These forward-looking statements include statements
regarding the proposed transactions. These statements are based on the
current expectations of management of TransMontaigne. There are a
number of risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements included in this
document. For example, (1) conditions to the closing of the merger
transaction may not be satisfied or the merger agreement may be
terminated prior to closing; (2) the merger transaction may involve
unexpected costs or unexpected liabilities; (3) the businesses of
TransMontaigne may suffer as a result of uncertainty surrounding the
merger transaction; and (4) TransMontaigne may be adversely affected
by other economic, business, and/or competitive factors. Additional
factors that may affect the future results of TransMontaigne are set
forth in our Annual Report on Form 10-K for the year ended June 30,
2005, and Quarterly Report on Form 10-Q for the quarter ended March
31, 2006, as filed with the SEC, which are available at
www.transmontaigne.com. TransMontaigne undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.