DIMON Incorporated and Standard Commercial Corporation Announce Expiration of Hart-Scott-Rodino Waiting Period
22 12월 2004 - 8:12AM
PR Newswire (US)
DIMON Incorporated and Standard Commercial Corporation Announce
Expiration of Hart-Scott-Rodino Waiting Period DANVILLE, Va. and
WILSON, N.C., Dec. 21 /PRNewswire-FirstCall/ -- Independent leaf
tobacco dealers DIMON Incorporated (NYSE:DMN) and Standard
Commercial Corporation (NYSE:STW) today jointly announced that, in
connection with DIMON's and Standard's previously announced
agreement to merge, the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 has expired without agency
action. The closing of the merger remains subject to financing
considerations and customary closing conditions, including approval
by the shareholders of each of DIMON and Standard and approval of
certain non-U.S. antitrust authorities. DIMON Incorporated is the
world's second largest dealer of leaf tobacco with operations in
more than 30 countries. For more information on DIMON, visit the
company's website at http://www.dimon.com/. Standard Commercial
Corporation is the world's third largest dealer of leaf tobacco
with operations in more than 30 countries. For more information on
Standard Commercial, visit the company's website at
http://www.sccgroup.com/. This press release contains
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These statements are based on
current expectations of future events. Such statements include, but
are not limited to, statements about conditions to the merger
between DIMON and Standard Commercial and other statements that are
not historical facts. Such statements are based on the current
beliefs and expectations of DIMON's and Standard Commercial's
management and are subject to significant risks and uncertainties.
If underlying assumptions prove inaccurate or unknown risks or
uncertainties materialize, actual results may differ materially
from current expectations and projections. The following factors,
among others, could cause actual results to differ from those set
forth in the forward-looking statements: changes in the markets for
financing necessary to consummate the merger, failure of either
DIMON or Standard Commercial to satisfy conditions to the merger
provided in the merger agreement, and the timing and substance of
actions by non-U.S. antitrust authorities relating to the merger.
DIMON and Standard Commercial do not undertake any obligation to
publicly release the results of any revisions that may be made to
any forward-looking statements to reflect the occurrence of
anticipated or unanticipated events or circumstances after the date
of such statements. Additional factors that could cause DIMON's and
Standard Commercial's results to differ materially from those
described in the forward-looking statements can be found in DIMON's
and Standard Commercial's Annual Reports on Form 10-K for each
company's fiscal year ended March 31, 2004, and other filings with
the Securities and Exchange Commission (the "SEC") which are
available at the SEC's Internet site (http://www.sec.gov/ ). DIMON
and Standard Commercial will be filing a joint proxy
statement/prospectus and other relevant documents concerning the
merger with the U.S. Securities and Exchange Commission.
STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS
REGARDING THE PROPOSED TRANSACTION AND OTHER RELEVANT DOCUMENTS
FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and security holders will be able to obtain a free copy
of the proxy statement/prospectus, as well as other filings
containing information about DIMON and Standard Commercial without
charge at the SEC's Internet site (http://www.sec.gov/ ). Copies of
the proxy statement/prospectus and the filings with the SEC that
will be incorporated by reference in the proxy statement/prospectus
can also be obtained, without charge, by directing a request to
DIMON Incorporated, 512 Bridge Street, Post Office Box 681,
Danville, Virginia 23543-0681, Attention: Investor Relations, (434)
792 7511 or to Standard Commercial Corporation, 2201 Miller Road,
P.O. Box 450, Wilson, North Carolina 27894-0450, Attention:
Investor Relations, (252) 291 5507. The respective directors and
executive officers of DIMON and Standard Commercial and other
persons may be deemed to be "participants" in the solicitation of
proxies in respect of the proposed merger. Information regarding
DIMON's directors and executive officers is available in its proxy
statement filed with the SEC on July 13, 2004, and information
regarding Standard Commercial's directors and executive officers is
available in its proxy statement filed with the SEC on June 23,
2004. Other information regarding the participants in the proxy
solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained the
proxy statement/prospectus and other relevant materials to be filed
with the SEC when they become available. DATASOURCE: DIMON
Incorporated CONTACT: Ritchie L. Bond of DIMON Incorporated,
+1-434-791-6952; or Timothy S. Price of Standard Commercial
Corporation, +1-252-291-5507 Web site: http://www.dimon.com/
http://www.sccgroup.com/
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