SANTA BARBARA D'OESTE, Brazil,
July 15 /PRNewswire/ -- Industrias
Romi S.A. (Bovespa: ROMI3) ("Romi"), a leading global manufacturer
of machine tools, today stated that, as previously announced,
Romi's tender offer to acquire all of the outstanding shares of
Hardinge Inc. (Nasdaq: HDNG) ("Hardinge") expired at 5:00 p.m., New York
City time, on July 14, 2010.
At such time, a total of 5,726,020 shares, representing over 49.3%
of Hardinge's outstanding shares, had been validly tendered and not
withdrawn.
Romi notes that certain conditions to the offer, including the
condition requiring that two-thirds of the total outstanding shares
of Hardinge be validly tendered and not withdrawn, were not
satisfied at the expiration of the offer and Romi did not waive
these conditions or extend the offer. No shares of Hardinge were
therefore purchased pursuant to the offer, and all shares of
Hardinge previously tendered and not withdrawn will be returned
promptly.
HSBC Securities (USA) Inc. is
acting as financial advisor and Shearman & Sterling LLP is
acting as legal advisor to Romi.
About Romi
Industrias Romi S.A. (Bovespa: ROMI3), founded in 1930, is the
market leader in the Brazilian machinery and equipment industry.
The company is listed in the "Novo Mercado" category, which
is reserved for companies with the highest degree of corporate
governance on the Bovespa. The company manufactures machine
tools, mainly lathes and machining centers, plastic injection and
blow molding machines for thermoplastics and parts made of grey,
nodular or vermicular cast iron, which are supplied rough or
machined. The company's products and services are sold
globally and used by a variety of industries, such as the
automotive, general consumer goods and industrial and agricultural
machinery and equipment industries.
Forward-Looking Statements
Any statements made in this press release that are not
statements of historical fact, including statements about our
beliefs and expectations, including the tender offer for Hardinge,
are forward-looking statements within the meaning of the U.S.
federal securities laws and should be evaluated as such.
Forward-looking statements include statements that may relate
to our plans, objectives, strategies, goals, future events, future
revenues or performance, and other information that is not
historical information. These forward-looking statements may
be identified by words such as "anticipate," "expect," "suggest,"
"plan," "believe," "intend," "estimate," "target," "project,"
"could," "should," "may," "will," "would," "continue," "forecast,"
and other similar expressions.
Although we believe that these forward-looking statements and
projections are based on reasonable assumptions at the time they
are made, you should be aware that many factors could cause actual
results or events to differ materially from those expressed in the
forward-looking statements and projections. Factors that may
materially affect such forward-looking statements include our
ongoing business strategies and prospects. Forward-looking
statements, like all statements in this press release, speak only
as of the date of this press release (unless another date is
indicated). Unless required by law, we do not undertake any
obligation to publicly update any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
Media Contact
|
|
|
|
Joele Frank, Wilkinson Brimmer
Katcher
|
|
Steve Frankel / Tim Lynch: (212)
355-4449
|
|
|
|
Investor Contact
|
|
|
|
Innisfree M&A
Incorporated
|
|
Alan Miller / Jennifer Shotwell
/ Scott Winter: (212) 750-5833
|
|
|
SOURCE Industrias Romi S.A.