The tender offer is scheduled to expire at 8 a.m., New York City time, on March 31, 2008, unless extended or earlier terminated. Holders of notes must tender and not withdraw their notes on or before the early tender date, which is 5 p.m., New York City time, on March 13, 2008, unless extended, to receive the full tender offer consideration. Holders of notes who tender their notes after the early tender date will receive the late tender offer consideration, which is the full tender offer consideration minus the early tender premium of $20.00 per $1,000 principal amount of notes.
The full tender offer consideration for each $1,000 principal amount of the notes tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the fixed spread of 75 basis points over the yield based on the bid side price of the reference treasury security, the 2.000 percent U.S. Treasury Notes due February 28, 2010, as calculated by Citi and Goldman, Sachs & Co., the dealer managers for the tender offer, at 2 p.m., New York City time, on March 26, 2008.
In addition to the full tender offer consideration or late tender offer consideration, as applicable, holders of notes tendered and accepted for payment will receive accrued and unpaid interest on the notes from the last interest payment date for the notes to, but not including, the settlement date. The settlement date will be promptly after the expiration date, and is expected to occur no later than April 1, 2008.
Except as set forth in the Offer to Purchase or as required by applicable law, notes tendered may be withdrawn only on or before the withdrawal date, which is 5 p.m., New York City time, on March 13, 2008, and notes tendered after the withdrawal date may not be withdrawn.
The tender offer is conditioned on the satisfa
|SOURCE Hillenbrand Industries, Inc.|
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