Aetna Industries, Inc. Extends Tender Offer
24 August 1999
Aetna Industries, Inc. Extends Tender Offer
CENTER LINE, Mich., Aug. 24 -- Aetna Industries, Inc.
("Aetna") today announced that it has extended the expiration date of its
tender offer (the "Tender Offer Expiration Date") relating to its $85.0
million outstanding principal amount of 11 7/8% Senior Notes due 2006, Series
B (the "Notes").
Aetna has extended the Tender Offer Expiration Date three days to 12:00
midnight, New York City time, on August 31, unless terminated or extended.
Holders may withdraw tenders of Notes up to that time. The Price
Determination Date (as defined in the Offer to Purchase and Consent
Solicitation Statement dated July 28, 1999) has, as a result, been extended to
August 27, 1999.
Banc One Capital Markets, Inc., is acting as the dealer manager for the
tender offer and the consent solicitation. The depositary for the tender
offer is Norwest Bank Minnesota National Association.
This press release is neither an offer to purchase nor a solicitation of
an offer to sell the Notes. The tender offer and consent solicitation are
made only by the Offer to Purchase and Consent Solicitation Statement dated
July 28, 1999. Additional information concerning the terms of the tender
offer and consent solicitation may be obtained from Banc One Capital Markets,
Inc., High Yield Capital Markets, at 800-336-3533. Copies of the Offer to
Purchase and Consent Solicitation Statement and related documents may be
obtained from MacKenzie Partners, Inc., the information agent, at
800-322-2885.
Statements in this press release which are not historical facts or
information may be forward-looking statements based on current expectations
that are covered under the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve risks
and uncertainties that could cause the outcome to be materially different from
expectations. Certain of these risks and uncertainties are set forth in
Aetna's 1998 annual report on Form 10-K, its quarterly report on Form 10-Q and
subsequent filings filed with the Securities and Exchange Commission.