Consent Payment Deadline Passed In Tender Offer In Anticipation Of Acquisition Of BWAY Holding Company By Madison Dearborn Partners
CHICAGO, May 24 /PRNewswire-FirstCall/ -- In anticipation of the previously announced proposed acquisition of BWAY Holding Company (the " Company") by Picasso Parent Company, Inc. (the " Parent") through a merger (the " Merger") of Picasso Merger Sub, Inc. (the " Purchaser"), companies organized by Madison Dearborn Partners, LLC (" MDP"), the Purchaser announced today that it has received tenders and consents from holders of 100%, or $228,538,000 in principal amount, of the $228,538,000 outstanding aggregate principal amount of the 10% Senior Subordinated Notes due 2014 (the " Notes") of BWAY Corporation (" BWAY") as of 5:00 p.m., New York City time, on May 24, 2010, in connection with its previously announced tender offer (the " Tender Offer") and consent solicitation (the " Consent Solicitation") regarding the Notes.
The Tender Offer and the Consent Solicitation are being made upon the terms and subject to conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of May 11, 2010 (the " Statement").
This announcement is neither an offer to purchase, nor a solicitation of an offer to purchase, nor a solicitation of tenders or consents with respect to, any Notes. The Tender Offer and Consent Solicitation are being made solely pursuant to the Statement.
The Purchaser has retained BofA Merrill Lynch to serve as Dealer Manager and Solicitation Agent and Global Bondholder Services Corporation to serve as Information Agent and Depositary. Requests for documents may be directed to Global Bondholder Services Corporation by telephone at (866) 952-2200 (toll free) or (212) 430-3774 (collect). Questions regarding the Tender Offer and Consent Solicitation should be directed to BofA Merrill Lynch by telephone at (888) 292-0070 (toll-free) or (980) 388-9217 (collect).
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