A.C. Moore Files Form 10-Q for Third Fiscal Quarter 2011
November 07 2011 - 4:05PM
Business Wire
A.C. Moore Arts & Crafts, Inc. (NASDAQ: ACMR) (“A.C. Moore”
or the “Company”) announced that its quarterly report on Form 10-Q
for the fiscal quarter ended October 1, 2011 will be filed with the
Securities and Exchange Commission today. In light of the Company’s
entry into a definitive merger agreement on October 3, 2011 with
Nicole Crafts LLC and Sbar’s Acquisition Corporation and the
related pending tender offer by Sbar’s Acquisition Corporation,
A.C. Moore will not hold an investor conference call to discuss
results for the third fiscal quarter 2011.
About A.C. Moore
A.C. Moore is a specialty retailer of arts, crafts and floral
merchandise for a wide range of customers. The Company currently
serves customers through its 134 stores located in the Eastern
United States and nationally via its e-commerce site,
www.acmoore.com. For more information about A.C. Moore, visit its
website at www.acmoore.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. In some cases, forward-looking statements can be identified
by words such as “anticipate,” “expect,” “believe,” “plan,”
“intend,” “predict,” “will,” “may” and similar terms.
Forward-looking statements in this press release include, but are
not limited to, statements regarding the anticipated timing of
filings relating to the transaction; statements regarding the
expected timing of the completion of the transaction; statements
regarding the ability to complete the transaction considering the
various closing conditions; statements regarding prospective
performance and opportunities; any statements of expectation or
belief; and any statements of assumptions underlying any of the
foregoing. The forward-looking statements contained in this press
release related to future results and events are based on A.C.
Moore’s current expectations, beliefs and assumptions about its
industry and its business. Forward-looking statements, by their
nature, involve risks and uncertainties and are not guarantees of
future performance. Actual results may differ materially from the
results discussed in the forward-looking statements due to a
variety of risks, uncertainties and other factors, including, but
not limited to, uncertainties as to the timing of the tender offer
and the merger; uncertainties as to how many of A.C. Moore’s
shareholders will tender their stock in the tender offer; the risk
that the transaction may not be approved by A.C. Moore’s
shareholders were the transaction to be consummated as a one-step
merger; the outcome of any legal proceedings that have been or may
be instituted against A.C. Moore and/or others relating to the
transaction; the risk that competing offers will be made; the
possibility that various closing conditions for the transaction may
not be satisfied or waived; the occurrence of any event, change or
other circumstances that could give rise to the termination of the
merger agreement, including a termination under circumstances that
could require A.C. Moore to pay a termination fee; the failure of
Nicole Crafts LLC to obtain the necessary financing or alternative
financing to consummate the transaction or the failure of that
financing to be sufficient to complete the transaction; the failure
of the merger to close for any reason; the amount of the costs,
fees, expenses and charges related to the merger; the effects of
disruption from the transaction making it more difficult to
maintain relationships with employees, customers, vendors or other
business partners; other business effects, including, but not
limited to, the effects of industry, economic or political
conditions outside of A.C. Moore’s control; actual or contingent
liabilities; and other risks and uncertainties discussed in
documents filed with the SEC by A.C. Moore, including, but not
limited to, the solicitation/recommendation statement and merger
proxy statement filed by A.C. Moore. Investors and shareholders are
cautioned not to place undue reliance on these forward-looking
statements. Unless required by law, A.C. Moore undertakes no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. Readers are
also urged to review carefully and consider the various disclosures
in A.C. Moore’s SEC periodic and interim reports, including but not
limited to its Annual Report on Form 10-K, as amended, for the
fiscal year ended January 1, 2011, Quarterly Report on Form 10-Q
for the fiscal quarter ended April 2, 2011, Quarterly Report on
Form 10-Q for the fiscal quarter ended July 2, 2011 and Current
Reports on Form 8-K filed from time to time by A.C. Moore. All
forward-looking statements are qualified in their entirety by this
cautionary statement.
Notice to Investors
This press release is neither an offer to purchase nor a
solicitation of an offer to sell any securities. The solicitation
and the offer to buy shares of A.C. Moore common stock is being
made pursuant to an offer to purchase and related materials that
affiliates of Sbar’s, Inc. have filed with the SEC. Affiliates of
Sbar’s have filed a tender offer statement on Schedule TO with the
SEC, and A.C. Moore has filed a solicitation/recommendation
statement on Schedule 14D-9 with respect to the offer. The tender
offer statement (including an offer to purchase, a related letter
of transmittal and other offer documents) and the
solicitation/recommendation statement contain important information
that should be read carefully and considered before any decision is
made with respect to the tender offer. These materials are being
sent free of charge to all shareholders of A.C. Moore. In addition,
all of these materials (and all other materials filed by A.C. Moore
with the SEC) are available at no charge from the SEC through its
website at www.sec.gov. Free copies of the offer to purchase, the
related letter of transmittal and certain other offering documents
are also available by contacting D.F. King & Co., Inc., 48 Wall
Street, 22nd Floor, New York, New York 10005 (for information by
telephone: Banks and Brokers Call Collect: (212) 269-5550; All
Others Call Toll-Free: (800) 755-7250). Investors and shareholders
may also obtain free copies of the documents filed with the SEC
from A.C. Moore by contacting David Stern, Chief Financial and
Administrative Officer, A.C. Moore Arts & Crafts, Inc., 130
A.C. Moore Drive, Berlin, New Jersey 08009, (856) 768-4943.
Additional Information about the Merger and Where to Find
It
In connection with the potential one-step merger, A.C. Moore has
filed a preliminary proxy statement with the SEC. Additionally,
A.C. Moore will file other relevant materials with the SEC in
connection with the proposed acquisition pursuant to the terms of
an Agreement and Plan of Merger between the parties. The materials
filed and to be filed by A.C. Moore with the SEC may be obtained
free of charge at the SEC’s web site at www.sec.gov. Investors and
shareholders also may obtain free copies of the proxy statement and
other relevant materials from A.C. Moore by contacting David Stern,
Chief Financial and Administrative Officer, A.C. Moore Arts &
Crafts, Inc., 130 A.C. Moore Drive, Berlin, New Jersey 08009, (856)
768-4943. Investors and security holders of A.C. Moore are urged to
read the proxy statement and the other relevant materials when they
become available before making any voting or investment decision
with respect to the proposed merger because they will contain
important information about the merger and the parties to the
merger.
A.C. Moore and its directors, executive officers and other
members of management and employees, under the SEC rules, may be
deemed to be participants in the solicitation of proxies of A.C.
Moore shareholders in connection with the proposed merger.
Investors and security holders may obtain more detailed information
regarding the names, affiliations and interests of certain of A.C.
Moore’s executive officers and directors in the solicitation by
reading A.C. Moore’s Proxy Statement for its 2010 Annual Meeting of
Shareholders and Annual Report on Form 10-K, as amended, for the
fiscal year ended January 1, 2011, as well as the proxy statement
and other relevant materials which were filed and will be filed
with the SEC in connection with the merger when they become
available. Information concerning the interests of A.C. Moore’s
participants in the solicitation, which may, in some cases, be
different than those of A.C. Moore’s shareholders generally, will
be set forth in the definitive proxy statement relating to the
merger when it becomes available.
ACM Research (NASDAQ:ACMR)
Historical Stock Chart
From Aug 2024 to Sep 2024
ACM Research (NASDAQ:ACMR)
Historical Stock Chart
From Sep 2023 to Sep 2024