Silgan Announces Final Results of Tender Offer
March 17 2015 - 8:00AM
Business Wire
Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of rigid
packaging for shelf-stable food and other consumer goods products,
today announced the final results of its “modified Dutch auction”
tender offer, which expired at 5:00 p.m., New York time, on
Tuesday, March 10, 2015. Silgan has accepted for purchase 2,766,354
shares of its common stock at a price of $58.50 per share, for a
total purchase price of approximately $161.8 million. Payment for
the shares accepted for purchase, and return of all other shares
tendered and not accepted for purchase, will be made promptly by
Computershare Trust Company, N.A., the depositary for the tender
offer.
Citigroup served as the dealer manager for the tender offer.
Computershare Trust Company, N.A. served as the depositary for the
tender offer. Georgeson Inc. served as the information agent for
the tender offer. Stockholders and investors who have questions or
need information about the tender offer may contact Georgeson Inc.
at (866) 729-6811.
* * *
Silgan Holdings is a leading supplier of rigid packaging for
shelf-stable food and other consumer goods products with annual net
sales of approximately $3.9 billion in 2014. Silgan operates 87
manufacturing facilities in North and South America, Europe and
Asia. Silgan is a leading supplier of metal containers in North
America and Europe and a leading worldwide supplier of metal,
composite and plastic closures for food and beverage products. In
addition, Silgan is a leading supplier of plastic containers for
shelf-stable food and personal care products in North America.
Statements included in this press release which are not
historical facts are forward looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and the Securities Exchange Act of 1934, as
amended. Such forward looking statements are made based upon
management’s expectations and beliefs concerning future events
impacting the Company and therefore involve a number of
uncertainties and risks, including, but not limited to, those
described in the Company’s Annual Report on Form 10-K for 2014 and
other filings with the Securities and Exchange Commission.
Therefore, the actual results of operations or financial condition
of the Company could differ materially from those expressed or
implied in such forward looking statements.
Silgan Holdings Inc.Robert B. Lewis, 203-406-3160
Silgan (NASDAQ:SLGN)
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