Home | Business News | Browse by Publication | B | Business Wire

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A total of 18,372,897 Superior Essex shares were validly tendered and not withdrawn prior to the expiration of the subsequent offering period.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...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Wire
Research and Markets: An Essential Report on the Global Computer Hardw..., August 05, 2008
3Com Raises Guidance for First Quarter of FY 2009., August 05, 2008
Research and Markets: Novartis Partnering Guide 2008: An In-depth Insi..., August 05, 2008
Fossil, Inc. Notice of Earnings Release and Webcasts., August 05, 2008
Greatbatch, Inc. Reports Second Quarter 2008 Results.(Financial report..., August 05, 2008

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.