Blue Owl Capital Corpora... (NYSE:OBDE)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Blue Owl Capital Corpora... Charts. Click Here for more Blue Owl Capital Corpora... Charts.](/p.php?pid=staticchart&s=NY%5EOBDE&p=8&t=15)
Obsidian Enterprises Increases Offer for Net Perceptions
INDIANAPOLIS, March 5 /PRNewswire-FirstCall/ -- Obsidian (BULLETIN BOARD:
OBDE) Increases Offer Directly to Net Perceptions' Shareholders and Offers
them the Opportunity to Receive Twenty Cents ($0.20) per Share in Cash and Three
One-Hundredths (3/100) Share of Obsidian Common Stock for Each Share of Net
Perceptions
Obsidian Enterprises, Inc. (OTC:OBDE) (BULLETIN BOARD: OBDE) , a holding company
headquartered in Indianapolis announced today that it will increase its offer to
provide shareholders of Net Perceptions, Inc. (NASDAQ:NETP) the opportunity to
receive twenty cents ($0.20) per share in cash and three one- hundredths (3/100)
share of Obsidian common stock for each share of Net Perceptions common stock.
Prior to its 50:1 reverse split, Obsidian had offered two shares of its common
stock for one share of Net Perceptions common stock. This new offer is
equivalent to one and one-half shares of Obsidian stock (at pre 50:1 split
levels) and twenty cents ($0.20) per share in cash for each share of Net
Perceptions common stock.
Obsidian filed a Registration Statement on Form S-4 and a Tender Offer Statement
with the Securities and Exchange Commission on December 15, 2003 and an
amendment to each on December 17, 2003. Obsidian filed additional amendments to
the Tender Offer Statement on December 23, 2003, January 21, 2004, February 17,
2004, February 20, 2004 and February 27, 2004. It anticipates filing amendments
to these documents embodying these terms early next week.
The amended offer is scheduled to expire at 5:00 p.m., New York City time, on
March 17, 2004, unless the offer is extended. The offer is subject to certain
conditions, including that:
- Net Perceptions takes appropriate action to cause its poison pill to not be
applicable to the offer;
- we are satisfied that Section 203 of the Delaware General Corporation Law
will not be applicable to the contemplated second-step merger;
- stockholders tender at least 51% of the outstanding shares of common stock of
Net Perceptions; and
- Net Perceptions not take any further action in connection with the
liquidation or dissolution of Net Perceptions.
The Exchange Agent for the exchange offer is StockTrans, Inc., 44 West Lancaster
Avenue, Ardmore, Pennsylvania 19003. The Information Agent for the exchange
offer is Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York,
New York 10022.
The identity of the participants in the solicitation (as defined by Schedule
14A) and a description of their direct or indirect interests are included under
the captions "Other Information" and "Schedule I - Information Concerning
Persons Who May Solicit Proxies" in the preliminary proxy materials filed by
Obsidian with the SEC on March 1, 2004.
Obsidian is a holding company headquartered in Indianapolis, Indiana. It
conducts business through its subsidiaries: Pyramid Coach, Inc., a leading
provider of corporate and celebrity entertainer coach leases; United Trailers,
Inc., and its division, Southwest Trailers, manufacturers of steel-framed cargo,
racing ATV and specialty trailers; U.S. Rubber Reclaiming, Inc., a butyl-rubber
reclaiming operation; and Danzer Industries, Inc., a manufacturer of service and
utility truck bodies and steel-framed cargo trailers.
This press release is provided for informational purposes only and is neither an
offer to purchase nor a solicitation of an offer to sell shares of Net
Perceptions, Inc. or Obsidian Enterprises, Inc. Obsidian Enterprises has filed
with the Securities and Exchange Commission a registration statement, exchange
offer documents and preliminary proxy materials with respect to the proposed
transaction. Investors and security holders are advised to read those documents
because they include important information. Investors and security holders may
obtain a free copy of any documents filed by Obsidian Enterprises with the SEC
at the SEC's website at http://www.sec.gov/ . The exchange offer documents,
registration statement and preliminary proxy materials and the other documents
may also be obtained free of charge by directing a request by mail to Innisfree
M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, New York 10022, or
by calling toll-free (888) 750-5834, and may also be obtained from Obsidian
Enterprises, Inc. by directing a request by mail to Obsidian Enterprises, Inc.
111 Monument Circle, Suite 4800, Indianapolis, Indiana 46024, Attn: Rick D.
Snow.
This press release contains"forward-looking statements." These forward-
looking statements are based on currently available competitive, financial and
economic data and management's views and assumptions regarding future events.
Such forward-looking statements are inherently uncertain. Obsidian Enterprises
cannot provide assurances that the exchange offer described in this press
release will be successfully completed or that we will realize the anticipated
benefits of any transaction. Actual results may differ materially from those
projected as a result of certain risks and uncertainties, including but not
limited to: global economic and market conditions; the availability of liquidity
under our existing lines of credit; successful integration of acquired or merged
businesses; changes in interest rates; our ability to retain key management and
employees; our ability to meet demand at competitive prices in our coach leasing
segment and our trailer and related transportation equipment manufacturing
segment; our ability tosuccessfully develop alternative sources of raw
materials in our butyl rubber reclaiming segment; relationships with significant
customers; as well as other risks and uncertainties, including but not limited
to those detailed from time to time in Obsidian Enterprises' Securities and
Exchange Commission filings.
DATASOURCE: Obsidian Enterprises, Inc.
CONTACT: Timothy S. Durham, Chairman & C.E.O. of Obsidian Enterprises,
Inc., +1-317-237-4055,