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SunLink Confirms Terms Of Odd Lot Offer To Purchase In Connection With Proposed Going Private Transaction

Stock quotes in this article: SSY 

Tendered shares will be acquired for cash, with no interest payable. The Offer is open only to holders of 99 or fewer shares as of January 31, 2013. The Offer is not conditioned on any minimum number of total shares being tendered. The scheduled Expiration Time for the Offer is 5:00 PM, New York City time on March 12, 2013, but it can be extended at the Company’s discretion in accordance with applicable law.

The immediate goal of the tender offer is to reduce the number of record holders of the Company’s shares to fewer than 300, a required step in taking the Company private. If the tender offer fails to accomplish this objective, SunLink intends to take further actions to reduce the number of record holders of its shares to fewer than 300.

Important Additional Information for Shareholders

This communication is for informational purposes only and is not an offer to purchase SunLink common shares and this communication does not constitute an offer to buy or exchange securities for any purpose. The offer to purchase SunLink common shares has been separately communicated in an Offer to Purchase filed with the SEC and distributed to the Company’s shareholders in accordance with applicable regulations of the SEC governing offers, and solicitations of offers, to buy or exchange securities. Reference is made to, and this communication is qualified by, the Offer to Purchase, as amended, for a more complete description of the terms and relevant considerations.

The Offer to Purchase, as amended, contains important information about the SunLink Offer including complete instructions on how to tender shares. Odd lot shareholders should read carefully the Offer to Purchase, as amended, the letter of transmittal and related materials filed by SunLink with the SEC before they make any decision with respect to the tender offer because those documents contain important information, including the terms and conditions of the Offer to Purchase. The Offer to Purchase and all other documents filed with the SEC in connection with the Offer will be available, as and when filed, free of charge at the SEC’s web site at www.sec.gov. In addition, the Offer to Purchase and all other documents filed with the SEC in connection with the Offer will be made available to investors free of charge by contacting AST Phoenix Advisors, the information agent for the tender offer, at (877) 478-5038.

The Offer is not being made nor will any tenders of SunLink common shares be accepted from or on behalf of any holders (i) of more than ninety nine shares or (ii) in any jurisdiction in which the making of the Offer or the acceptance of any tender would not be made in compliance with laws of such jurisdiction.

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