AZZ incorporated launches tender offer for NGA

Monday, 10 May 2010 12:10:36 (GMT+2)

Texas, US-based AZZ incorporated, a specialty electrical equipment manufacturer and provider of hot dip galvanizing services, announced on May 7 that its indirect wholly-owned subsidiary, Big Kettle Merger Sub Inc. (Merger Sub), has commenced its tender offer for all outstanding shares of common stock of North American Galvanizing & Coatings Inc. (NGA) at a price of $7.50 per share, net to the seller in cash.

The cash tender offer is being made pursuant to an offer to purchase, dated May 7, 2010, and in connection with the agreement and plan of merger, dated as of March 31, 2010, by and among AZZ, Merger Sub and NGA, which AZZ and NGA publicly announced on April 1, 2010.

Following the acceptance for payment of shares of NGA common stock in the tender offer and the completion of the second-step merger contemplated in the merger agreement, NGA will become an indirect wholly-owned subsidiary of AZZ.

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