Ready Mix, Inc. Considering Strategic Alternatives
June 17 2009 - 3:03PM
Business Wire
READY MIX, INC. (RMI) (NYSE Amex:RMX) today announced
that it is considering strategic alternatives.
Ready Mix Inc. Is Considering Strategic Alternatives
Ready Mix, Inc. today announced that in response to recent
interest in the Company's assets, it has retained Lincoln
International LLC to evaluate and advise the Board of Directors
regarding strategic alternatives to enhance shareholder value,
including the potential sale of the Company.
The Company further stated that there can be no assurance that
the review of strategic alternatives will result in the Company
pursuing any particular transaction, or, if it pursues any such
transaction, that it will be completed. The Company does not expect
to make further public comment regarding the review until the Board
of Directors has approved a specific transaction or otherwise deems
disclosure of significant developments is appropriate.
About Ready Mix, Inc.
Ready Mix, Inc. (RMI) has provided ready-mix concrete products
to the construction industry since 1997. RMI currently operates
four ready-mix concrete plants in the metropolitan Phoenix, Arizona
area, three plants in the metropolitan Las Vegas, Nevada area, and
one plant in Moapa, Nevada. RMI also operates two sand and gravel
crushing and screening facilities near Las Vegas, Nevada, which
provide raw materials for its Las Vegas and Moapa concrete
plants.
Forward-Looking Statements
Statements regarding the evaluation of strategic alternatives,
any transaction, including the timing or effects thereof, change in
or continuation of current business plan, increase in stockholder
value, as well as any other statements that are not historical
facts in this press release are forward-looking statements. Such
forward-looking statements are based on current expectations and
actual results or future events may differ materially. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
of the Company or future events to differ materially from those
expressed in or underlying such forward-looking statements,
including without limitation: results of the Board's evaluation of
strategic alternatives; the ability to obtain Board and stockholder
approvals of any proposed transaction; customary conditions to the
closing of any proposed transaction; national and local economic,
business, real estate and other market conditions; the competitive
environment in which the Company operates; the execution of the
Company's business plan; financing risks; acquisition and location
development risks; potential environmental and other liabilities;
and other factors affecting the construction industry generally.
For further discussion of certain factors that could affect
outcomes, please refer to the "Risk Factors" section of the
Company's annual report on Form 10-K for the year ended December
31, 2008, and other subsequent filings by the Company with the
Securities and Exchange Commission. Should one or more of these
risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those indicated. Except as otherwise stated in this press
release, the Company does not undertake any obligation to publicly
update or revise any forward-looking statements because of new
information, future events or otherwise.
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