Larox Corporation Company announcement 25.1.2010 at 4.15 pm
Preliminary result of Outotec's mandatory public tender offer for Larox shares
The offer period under the mandatory public tender offer by Outotec Oyj for all
the series A and B shares issued by Larox Corporation, which are not in the
ownership of Outotec or which Larox does not own, as well as for the unused
subscription rights relating to the 1994 bonus issue by Larox expired on January
22, 2010.
Larox Corporation has been informed that according to the preliminary result of
the Tender Offer, the shares tendered in the Tender Offer, together with the
Larox shares already owned by Outotec, represent approximately 98.4% of all the
Larox shares and approximately 99.7% of all the votes attached to the Larox
shares. According to Outotec, the final result of the tender offer will be
confirmed and announced on or about January 27, 2010.
Outotec stock exchange release published on January 25 is enclosed in its
entirety to this company announcement.
Larox Corporation
Further information:
Juhana Ylikojola
President & CEO
Phone +358 207 687 266
Fax +358 207 687 380
juhana.ylikojola@larox.com
www.larox.com
Distribution NASDAQ OMX Helsinki Ltd., Central Media
Larox develops, designs and manufactures industrial filters and is a leading
technology company in its field. Larox is a full service solution provider in
filtration for separating solids from liquids. It supplies comprehensive
aftermarket services throughout the lifespan of the Larox solution. Companies
world-wide in mining and metallurgy, chemical processing and related industries
benefit from the Larox technologies. Larox operates in over 40 countries and
has about 600 employees. Larox has production facilities in Finland and in
China, and the Group is headquartered in Lappeenranta, Finland. Net sales in
2008 totaled 208.0 million euros, of which more than 93 % were generated by
exports and the company's foreign operations.
ENCLOSURE
OUTOTEC OYJ STOCK EXCHANGE RELEASE, JANUARY 25, 2010 AT 3.15 PM
Preliminary result of Outotec's mandatory public tender offer for Larox shares
The offer period under the mandatory public tender offer by Outotec Oyj
(”Outotec”) for all the series A and B shares issued by Larox Corporation
(“Larox”), which are not in the ownership of Outotec or which Larox does not
own, as well as for the unused subscription rights relating to the 1994 bonus
issue by Larox (the “Subscription Rights”)(the “Tender Offer”) expired on
January 22, 2010.
According to the preliminary result of the Tender Offer, the shares tendered in
the Tender Offer, together with the Larox shares already owned by Outotec,
represent approximately 98.4% of all the Larox shares and approximately 99.7% of
all the votes attached to the Larox shares. All the remaining Larox series A
shares have been tendered in the Tender Offer. According to the preliminary
result of the Tender Offer, 28 Subscription Rights, which entitle to subscribe
for a total of 30 Larox shares, have been tendered in the Tender Offer.
Outotec's intention is to acquire all the Larox shares. Outotec may thus
purchase Larox series B shares also in public trading on NASDAQ OMX Helsinki or
otherwise at a price not exceeding the offer price for the shares, which is EUR
9.56 in cash (or alternatively 0.40 Outotec shares) for each Larox series B
share. Outotec may also purchase Subscription Rights at a price which does not
exceed the Subscription Right offer price, which is EUR 11.47 in cash for each
Subscription Right.
The final result of the Tender Offer will be confirmed and announced on or about
January 27, 2010.
Outotec Oyj
Board of Directors
For further information, please contact:
OUTOTEC OYJ
Pertti Korhonen, CEO, tel. +358 20 529 211
Vesa-Pekka Takala, CFO, tel. +358 20 529 211, +358 40 570 0074
Rita Uotila, VP - Investor Relations, tel. +358 20 529 2003, +358 400 954 141
Eila Paatela, VP - Corporate Communications, tel. +358 20 529 2004, +358 400 817
198
e-mails: firstname.lastname@outotec.com
DISTRIBUTION
NASDAQ OMX Helsinki
Main media
www.outotec.com