Velcro Industries N.V. Announces Completion of Tender Offer
CURACAO, Netherlands Antilles, Feb. 11 /PRNewswire-FirstCall/ -- Velcro Industries N.V. ("VINV") (Nasdaq: VELC), holding company of the Velcro companies and the industry leader in hook and loop fasteners, today announced the completion of its cash tender offer to purchase all outstanding shares of its common stock. The tender offer expired at 5:00 p.m., New York City time, on Tuesday, February 10, 2009.
VINV has been advised by Computershare Investor Services Inc., the depositary for the tender offer, that as of 5:00 p.m., New York City time, on February 10, 2009, 471,272 shares were validly tendered and not properly withdrawn, and an additional 5,960 shares were tendered by notice of guaranteed delivery. All shares of VINV common stock that were validly tendered and not properly withdrawn before the expiration of the tender offer were accepted for payment.
About Velcro Industries N.V.
Velcro Industries N.V. (Nasdaq: VELC) is incorporated and domiciled in Curacao, Netherlands Antilles as a Naamloze Vennootschap (public limited liability company) and acts as the holding company of the Velcro companies, which are primarily involved in the manufacturing and sales of VELCRO(R) and TEXACRO(R) brand fasteners, ULTRA-MATE(R) brand hook fasteners, and ONE-WRAP(R) brand straps throughout the world. For more information about Velcro Industries N.V., including annual and quarterly reports, proxy statements and other materials required to be electronically published under Rule 12g3-2(b) of the U.S. Securities Exchange Act of 1934, visit www.velcroindustriesnv.com.
