Item 8.01. Other
Events.
On
October 25, 2007, Kaiser Group Holdings, Inc. (the Company) filed a
transaction statement on Schedule 13e-3 (the Schedule 13e-3) announcing an
offer to purchase (the Offer) for cash all shares of common stock held by
stockholders of the Company owning (beneficially or of record) fewer than 100
shares, as of the close of business on October 22, 2007 and who continue
to hold such shares through the expiration date of the Offer. On November 30,
2007, the Company filed Amendment No. 1 to the Schedule 13e-3 (the
Amendment). The Offer had been scheduled to expire at 5:00 p.m., New
York City time, on Friday, November 30, 2007. On November 30, 2007, the Company
extended the expiration date of the Offer to December 12, 2007. The Company today announces that the
expiration date of the Offer has been extended to 5:00 p.m., New York City
time, on Wednesday, January 9, 2008, unless earlier terminated or further
extended.
As
of December 10, 2007, the Company has received tenders of approximately
5,722 shares of common stock from approximately 398 record and beneficial
holders eligible to participate in the Offer.
The
Company will pay $29.80 for each share properly tendered by an eligible
stockholder. This price is equal to the highest closing price for the Companys
common stock reported in the 90-day period prior to October 25, 2007.
The
Offer is not conditioned on the receipt of any minimum number of tenders.
If,
after completion of the Offer, the Company has fewer than 300 stockholders of
record, the Company may terminate the registration of its common stock under
the Securities Exchange Act of 1934, as amended. If that occurs, the Company
will no longer file periodic reports with the Securities and Exchange
Commission (the Commission), including annual reports on Form 10-K and
quarterly reports on Form 10-Q, and will not be subject to the Commissions
proxy rules.
On
December 13, 2007, the Company is filing an amendment to the Schedule
13e-3, as amended by the Amendment, amending certain information set forth in
the Companys offer to purchase, dated October 25, 2007, as amended, relating
to the Offer. Please refer to such
filing to review such information.
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