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Article: American Standard Companies Inc. Announces Termination of Cash Tender Offer for 10-7/8% Senior Notes Due 1999
- Article from:
- PR Newswire
- Article date:
- June 23, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PISCATAWAY, N.J., June 23 /PRNewswire/ -- American Standard Companies Inc. (NYSE: ASD) today announced the termination by American Standard, Inc., its wholly owned subsidiary ("ASI"), of the cash tender offer and consent solicitation for ASI's $150 million outstanding principal amount of 10-7/8% Senior Notes due 1999 (the "Notes").
The offer was terminated because all of the conditions set forth in the Offer to Purchase dated May 29, 1997 were not satisfied.
Notes that have been tendered in the offer will be returned promptly to holders by the depositary.
American Standard is the global, diversified manufacturer of Trane(R) and American ...