Smith International, Inc. Announces Extension of W-H Energy Exchange Offer
08 8월 2008 - 8:33AM
Business Wire
Smith International, Inc. (�Smith�) (NYSE:SII) and W-H Energy
Services, Inc. (�W-H�) (NYSE:WHQ) today announced that in order to
coincide with the scheduled termination of the Hart-Scott-Rodino
(�HSR�) waiting period, the expiration date of the exchange offer
to acquire the outstanding shares of W-H has been extended until
12:00 midnight, Eastern time, at the end of Monday, August 18,
2008, unless extended further. Based on a preliminary count by the
exchange agent for the exchange offer there were tendered, and not
withdrawn, 8,200,290 shares of W-H common stock as of August 7,
2008. The applicable waiting period under the HSR Antitrust
Improvements Act has not yet expired or been terminated. The HSR
waiting period will expire at 11:59 p.m., Eastern time, on August
18, 2008, unless early termination of the waiting period is granted
or Smith or W-H receives a request for additional information or
documentary material. Smith remains very confident that all
required regulatory approvals will be received. Smith also
announced that W-H shareholders may tender their shares pursuant to
a guaranteed delivery option if such shareholder�s share
certificates are not immediately available or cannot otherwise be
delivered by the expiration date. W-H shareholders desiring to
tender their shares pursuant to the guaranteed delivery option must
comply with the guaranteed delivery procedures set forth in the
form of guaranteed delivery that will be filed as an exhibit to
Smith�s tender offer statement on Schedule TO. Smith is a leading
supplier of premium products and services to the oil and gas
exploration and production industry through its four principal
business units � M-I SWACO, Smith Technologies, Smith Services and
Wilson. W-H is a diversified oilfield services company that
provides products and services used in connection with the drilling
and completion of oil and natural gas wells and the production of
oil and natural gas. W-H has operations in North America and select
areas internationally. Certain comments contained herein are
forward-looking in nature and are intended to constitute
�forward-looking statements.� These forward-looking statements
include, without limitation, statements regarding the consummation
of the transaction, the expiration of the HSR waiting period and
any other statements that are not historical facts. By their
nature, forward-looking statements involve risks and uncertainties
that could cause actual results to materially differ from those
anticipated in the statements. For a discussion of additional risks
and uncertainties that could impact the companies� results, review
the Smith and W-H Annual Reports on Form 10-K for the year ended
December�31, 2007 and other filings with the Securities and
Exchange Commission (�SEC�). These risks and uncertainties include
the satisfaction of the conditions to consummate the proposed
acquisition, changes in laws or regulations and other factors and
uncertainties discussed from time to time in reports filed by the
companies with the SEC. In connection with the exchange offer,
Smith filed a registration statement on Form S-4 and a tender offer
statement on Schedule�TO with the SEC on June�24, 2008, as amended,
and W-H filed a solicitation/recommendation statement on
Schedule�14D-9 on June�24, 2008, as amended. These documents
contain important information about the exchange offer that should
be read carefully before any decision is made with respect to the
exchange offer. These materials will be made available to the
shareholders of W-H at no expense to them. Investors and security
holders may obtain the documents free of charge at the SEC�s web
site, www.sec.gov. In addition, such materials (and all other
documents filed with the SEC) may be obtained free of charge at
www.smith.com or www.whes.com. You may also read and copy any
reports, statements and other information filed by Smith or W-H
with the SEC at the SEC public reference room at 100 F Street N.E.,
Room�1580, Washington, D.C. 20549. Please call the SEC at
(800)�732-0330 or visit the SEC�s website for further information
on its public reference room. Copies of the exchange offer
materials may also be obtained at no charge from MacKenzie
Partners, Inc., the information agent for the exchange offer,
toll-free at 1-800-322-2885.
W H Energy (NYSE:WHQ)
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부터 5월(5) 2024 으로 6월(6) 2024
W H Energy (NYSE:WHQ)
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부터 6월(6) 2023 으로 6월(6) 2024
W-H Energy Svcs (뉴욕 증권거래소)의 실시간 뉴스: 최근 기사 0
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