Bee Street Holdings Waives Certain Conditions of Tender Offer to Purchase All Outstanding Common Stock of Continental Materials Corporation (CUO)
CONTINENTAL MATERIALS (CUO)
NASDAQ:AMEX Investor Relations:
continental-materials.com
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Bee Street Holdings LLC, a holding company owned and controlled by James G. Gidwitz and other members of the Gidwitz family, today announced that it has waived certain conditions of its previously announced tender offer to purchase all outstanding shares of common stock (the “Shares”) of Continental Materials Corporation (NYSE American: CUO, the “Company”) at a price of $9.50 per share in cash (the “Offer”). The Offer is scheduled to expire at 5:00 p.m., New York City time, on April 3, 2020, unless the Offer is further extended or earlier terminated in accordance with the terms set forth in the Tender Offer Statement.Bee Street Holdings announced today that, as a result general suspension of trading occurs on any national securities exchange, a condition that would allow Bee Street Holdings to terminate the Offer has occurred; specifically, the condition in Section II(12)(e)(i), which allows Bee Street Holdings to terminate the Offer if, among other thing
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