North American Galvanizing & Coatings Announces Termination of NASDAQ Listing and Registration
01 7월 2010 - 6:06AM
North American Galvanizing & Coatings, Inc. ("NGA")
(Nasdaq:NGA) today announces its intention to strike the shares of
its common stock from listing and registration on the NASDAQ Stock
Market ("NASDAQ"). NGA intends to take this action in connection
with the anticipated merger of Big Kettle Merger Sub, Inc. ("Merger
Sub"), an indirect wholly-owned subsidiary of AZZ incorporated
("AZZ") (NYSE:AZZ), with and into NGA pursuant to the Agreement and
Plan of Merger among NGA, Merger Sub and AZZ dated March 31,
2010. Due to the number of shares of NGA common stock owned by
Merger Sub, the requisite approval of the merger by NGA's
stockholders is assured, and NGA intends to consummate the merger
as soon as possible pursuant to applicable law. Upon
completion of the merger, NGA will no longer meet the numerical
listing requirements of NASDAQ. NGA has not arranged for the
listing and/or registration of its shares on another national
securities exchange or for quotation of its shares in a quotation
medium.
About North American Galvanizing &
Coatings, Inc. (Nasdaq:NGA)
North American Galvanizing & Coatings, Inc. is a leading
provider of corrosion protection for iron and steel components
fabricated by its customers. NGA's galvanizing and coating
operations are composed of eleven facilities located in Colorado,
Kentucky, Missouri, Ohio, Oklahoma, Tennessee, Texas and West
Virginia. These facilities operate galvanizing kettles ranging in
length from 16 feet to 62 feet and have lifting capacities ranging
from 12,000 pounds to 40,000 pounds. For more information about
NGA, visit www.nagalv.com.
About AZZ incorporated
(NYSE:AZZ)
AZZ incorporated is a specialty electrical
equipment manufacturer serving the global markets of industrial,
power generation, transmission and distributions, as well as a
leading provider of hot dip galvanizing services to the steel
fabrication market.
Safe Harbor Statement
Certain statements contained in this press release about our
expectations of future events or results constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such 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, and investors must recognize that actual results may
differ from those expressed or implied in the forward-looking
statements. In addition, certain factors could affect
the outcome of the matters described in this press
release. These factors include, but are not limited to,
(1) the occurrence of any event, change or other circumstances that
could give rise to the termination of the merger agreement, (2) the
outcome of any legal proceedings that may be instituted against us
or others following the announcement of the merger agreement, (3)
risks that the proposed transaction disrupts current plans and
operations, and (4) the costs, fees and expenses related to the
transaction. NGA has provided additional information
regarding risks associated with the business in NGA's Annual Report
on Form 10-K for 2009 as well as other filings with the SEC,
available for viewing on NGA's website at www.nagalv.com and on the
SEC's website at www.sec.gov. You are urged to consider
these factors carefully in evaluating the forward-looking
statements herein and are cautioned not to place undue reliance on
such forward-looking statements, which are qualified in their
entirety by this cautionary statement. These statements
are based on information as of the date of this press release and
NGA assumes no obligation to update any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
CONTACT: North American Galvanizing & Coatings, Inc.
Beth B. Pulley
(918) 524-1512
North American Galvanizing (MM) (NASDAQ:NGA)
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