SEACOR Holdings Inc. and American Industrial Partners Announce Closing of Tender Offer
15 4월 2021 - 9:30PM
Business Wire
SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”) and American
Industrial Partners and its affiliate Safari Merger Subsidiary,
Inc. (“Purchaser”) announced that Purchaser has successfully
completed its tender offer for the outstanding shares of common
stock of SEACOR and accepted for payment all shares validly
tendered and not withdrawn as of the expiration time of the tender
offer. 70.4% of outstanding shares were tendered into the offer.
All of the shares tendered have been accepted for payment by
Purchaser.
On December 4, 2020, SEACOR and American Industrial Partners
announced that SEACOR and an affiliate of American Industrial
Partners had entered into a definitive merger agreement. Pursuant
to the merger agreement, Purchaser, a corporation controlled by
affiliates of American Industrial Partners, commenced a tender
offer on December 18, 2020 to acquire all outstanding shares of
SEACOR at a price of $41.50 per share, net to the holder in cash.
The tender offer expired at 5:00 p.m., Eastern Time, on April 14,
2021, and American Stock Transfer & Trust Company, LLC, the
depository for the tender offer, has indicated that a total of
approximately 14,472,289 shares, representing approximately 70.4%
of the outstanding shares, had been validly tendered pursuant to
the offer.
Pursuant to the terms of the merger agreement, as soon as
practicable following the consummation of the tender offer,
Purchaser will be merged with and into SEACOR with SEACOR
continuing as the surviving corporation. In the merger, each share
not previously purchased in the tender offer that is outstanding
immediately prior to the effective time (other than shares held by
stockholders who properly exercised their appraisal rights under
Delaware law) will be converted into the right to receive $41.50
per share, net to the seller in cash. As a result of the completion
of the merger, SEACOR’s common stock will cease trading on The New
York Stock Exchange.
Foros is acting as financial advisor to SEACOR. Milbank LLP is
acting as legal advisor to SEACOR and Ropes & Gray LLP is
acting as legal advisor to American Industrial Partners and
Purchaser.
About SEACOR Holdings
SEACOR Holdings Inc. is a diversified holding company with
interests in domestic and international transportation and
logistics, crisis and emergency management, and clean fuel and
power solutions.
About American Industrial
Partners
American Industrial Partners is an operationally oriented
private equity firm that invests in industrial businesses serving
domestic and global markets. The firm has deep roots in the
industrial economy and has been active in private equity investing
since 1989. To date, American Industrial Partners has completed
more than 100 transactions and currently has more than $8 billion
of assets under management on behalf of leading pension, endowment
and financial institutions. For more information on American
Industrial Partners, visit www.americanindustrial.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210415005581/en/
Information Agent Contact Michael Madalon D.F. King &
Co., Inc. 212-269-5732 / 917-294-9326 mmadalon@dfking.com
Investor Contact Innisfree M&A Incorporated Scott
Winter / Jonathan Salzberger 212-750-5833
Media Contact Stephen Pettibone / Mike DeGraff Sard
Verbinnen & Co. SEACOR-SVC@sardverb.com
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