ALJ Regional Holdings And Optima Speciality Steel Announce Closing Of Merger And ALJ Regional Holdings Announces Further Extension Of Tender Offer
ALJ Regional Holdings, Inc. (Pink Sheets: ALJJ) (“ ALJ”) and Optima Specialty Steel, Inc. (“ Optima”) today announced that Optima’s acquisition (the “ Merger”) of ALJ’s majority-owned subsidiary, KES Acquisition Company (“ KES”), is scheduled to be completed on Tuesday, February 5, 2013.
In light of this, ALJ has extended the expiration date of its offer to purchase up to 30,000,000 shares of its outstanding common stock under its previously announced modified “Dutch auction” tender offer. The tender offer will now expire at 12:00 midnight, New York City time, on Friday, February 8, 2013, unless further extended. To date, 38,505,210 shares of ALJ’s common stock have been tendered and deposited in the tender offer.
Tender of shares must be made prior to the expiration of the tender offer and any shares previously tendered may be withdrawn at any time prior to the expiration of the tender offer. All other terms and conditions of the tender offer as described in the Offer to Purchase and related materials distributed to stockholders continue to apply to the tender offer as extended.
This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of ALJ’s stock. ALJ’s tender offer is only being made pursuant to the Offer to Purchase and related materials (as amended and supplemented). Stockholders should read these materials carefully. The materials contain important information, including various terms and conditions to the tender offer. Stockholders can obtain a copy of the Offer to Purchase and related materials (as amended and supplemented) for free at ALJ’s website, www.aljregionalholdings.com, or from AST Phoenix Advisors, the information agent for the tender offer, by calling – for banks and brokers (212) 493-3910, for all others, toll free (877) 478-5038. Stockholders are urged to carefully read these materials prior to making any decision with respect to the tender offer.About ALJ Regional Holdings, Inc. ALJ is the parent company of KES, the owner and operator of a steel mini-mill near Ashland, Kentucky producing both merchant bar quality flats (MBQ Bar Flats), and special bar quality steel flats (SBQ Bar Flats).
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