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. 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 filed Amendment No. 1 to the Schedule 13E-3 ( Amendment No. 1)
and the Company extended the expiration date of the Offer to December 12,
2007. On December 13, 2007, the
Company filed Amendment No. 2 to the Schedule 13E-3 (Amendment No. 2)
and the Company announced that the expiration date of the Offer had been
extended to 5:00 p.m., New York City time, on Wednesday, January 9,
2008, unless earlier terminated or further extended.
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.
As
of December 20, 2007, the Company had received tenders of approximately 6,005
shares of common stock from approximately 403 record and beneficial holders
eligible to participate in the Offer.
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 21, 2007, the Company is filing an amendment to the Schedule
13E-3, as amended by Amendment No. 1 and Amendment No. 2, 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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