Rock of Ages Corporation Announces Completion of Merger
January 20 2011 - 8:30AM
Business Wire
Rock of Ages Corporation (NASDAQ:ROAC) today announced
the completion of its previously announced pending merger with a
wholly owned subsidiary of Swenson Granite Company LLC ("Swenson"),
whereby Swenson acquired all of the outstanding shares of common
stock of the Company that it did not previously own for $5.25 per
share in cash. The Company is now a wholly owned subsidiary of
Swenson.
As a result of the merger, the Company's Class A common stock
ceased trading on the NASDAQ Global Market at the close of business
on January 19, 2011, and the Company expects to deregister and
suspend its reporting obligations under the Securities and Exchange
Act of 1934, as amended.
American Stock Transfer & Trust Company has been
appointed to serve as the agent for payment of the merger
consideration to Company stockholders, and will promptly mail to
stockholders instructions on how to surrender their stock
certificates and receive payment for their shares. If a
shareholder's shares of Company stock are held by a broker,
nominee, custodian or other fiduciary and is not promptly provided
by them with instructions on how to receive payment for the shares,
the shareholder should contact them directly for such
instructions.
Kurt Swenson, Chairman of the Board of the Company, said, “We
thank our shareholders for their support over the years, and for
their approval of the merger proposal, especially the unaffiliated
shareholders who own no interest in Swenson, who, by the
affirmative vote of approximately 86% of the shares held by those
shareholders present in person or by proxy at the special meeting,
supported the merger.”
A FINAL PUBLIC PHILOSOPHICAL MUSING
“True words aren’t eloquent; eloquent words aren’t true. Wise
men do not need to prove their point; men who need to prove their
point aren’t wise.” Lao Tzu, circa 500 B.C.
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