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LS Corp. and LS Cable Ltd. Successfully Complete Tender Offer for Shares of Superior Essex Inc.

Publication: Business Wire
Publication Date: 05-AUG-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SEOUL, Korea & ATLANTA -- LS Corp., its subsidiary LS Cable Ltd. and Superior Essex Inc. (NASDAQ: SPSX), announced today the successful completion of the tender offer by Cyprus Acquisition Merger Sub, Inc. (Cyprus) for all outstanding shares of common stock of Superior Essex.

The subsequent offering period expired at 5:00 PM (New York time) on Monday, August 4, 2008.

A total of 18,372,897 Superior Essex shares were validly tendered and not withdrawn prior to the expiration of the subsequent offering period. Cyprus has accepted for payment all Superior Essex shares validly tendered in the tender offer and the subsequent offering period and, as a result, owns approximately 92.32% of the outstanding Superior Essex shares.

In accordance with the previously announced merger agreement, Cyprus expects to complete...

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