CertainTeed Offer for Brunswick Shares Expires
VALLEY FORGE, Pa., July 17 - CertainTeed Corporation, a
wholly owned subsidiary of Compagnie de Saint-Gobain (Paris, France), today
announced that the subsequent offering period has expired for its tender offer
for the outstanding shares of Brunswick Technologies, Inc. (Nasdaq: CertainTeed and BTI will now proceed with their previously announced
merger pursuant to which CertainTeed will acquire the remaining equity
interest in BTI. No further shareholder action will be required to approve
the merger. As a result of the merger, each share of BTI common stock that
was not tendered in the original tender offer period or the subsequent
offering period will be converted into the right to receive $8.50 in cash,
without interest, subject to dissenters' rights. The merger is expected to be
completed by mid-August.
CertainTeed Corporation is a leading manufacturer of roofing; vinyl and
fiber cement siding; vinyl windows; vinyl fencing, deck and railing;
ventilation products; piping products; fiber glass insulation; and fiber glass
products for reinforcing plastics and other materials. The company is
headquartered in Valley Forge, Pennsylvania, and has more than 7,000 employees
and 45 manufacturing facilities throughout the United States.
This release may contain some forward-looking statements. The Company
undertakes no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or otherwise.
SOURCE CertainTeed Corporation
CONTACT: Joele Frank, ext. 110, or Josh Silverman, ext. 121, of Joele
Frank, Wilkinson Brimmer Katcher, 212-355-4449, for CertainTeed
Corporation