Texas, US-based AZZ incorporated, a manufacturer of electrical products and a provider of galvanizing services, announced on June 8 that it has extended the expiration date of the tender offer by its affiliate, Big Kettle Merger Sub, Inc., for all outstanding common shares of North American Galvanizing & Coatings, Inc.
The offer of $7.50 per share, net to the seller in cash dated May 7, 2010, has been extended and will now expire at 5:00 p.m. on June 14, 2010, unless the offer is further extended or earlier terminated. The tender offer had been previously scheduled to expire at 5:00 p.m. on June 7, 2010.
The cash tender offer is being made in connection with the agreement and plan of merger, dated as of March 31, 2010, by and among AZZ, Big Kettle Merger Sub and NGA, which AZZ and NGA publicly announced on April 1, 2010.
AZZ also announced the settlement of the purported class action lawsuits filed in the Court of Chancery in the State of Delaware and in the respective District Courts of Rogers and Tulsa Counties in the State of Oklahoma related to the proposed acquisition of NGA.