Jacuzzi Brands, Inc. Files Definitive Proxy Materials
January 05 2007 - 2:19PM
Business Wire
Jacuzzi Brands, Inc. (NYSE: JJZ), a leading global producer of
branded bath and plumbing products for the residential, commercial
and institutional markets, announced that it has filed today with
the Securities and Exchange Commission definitive proxy materials
in connection with the Company�s 2007 Annual Meeting of
Stockholders. At the Annual Meeting, Jacuzzi Brands� stockholders
of record will consider and vote on adoption of the Company's
merger agreement with Apollo Management L.P., as well as the
election of directors and ratification of the selection of Ernst
& Young LLP as the independent registered public accounting
firm, among other things. As previously announced on October 11,
2006, Jacuzzi Brands and Apollo Management entered into a
definitive merger agreement under which affiliates of Apollo
Management would acquire all of the outstanding common stock of
Jacuzzi Brands for $12.50 per share in cash. Jacuzzi Brands� Annual
Meeting of Stockholders has been scheduled for January 25, 2007 at
2:00 p.m. local time at the Hilton Palm Beach Airport, 150
Australian Avenue, West Palm Beach, Florida 33406. Jacuzzi Brands
stockholders of record as of the close of business on December 11,
2006 will be entitled to vote at the Annual Meeting. Jacuzzi
Brands� Board of Directors approved the Apollo transaction and
recommends that all Jacuzzi Brands� stockholders vote "FOR" the
approval of the merger agreement and the merger. Jacuzzi Brands is
seeking, and the merger agreement requires, approval of the merger
agreement and the merger by the affirmative vote of the holders of
a majority of the outstanding shares of the Company�s common stock
entitled to vote at the Annual Meeting. Stockholders are encouraged
to read the Company's definitive proxy materials in their entirety
as they provide, among other things, a detailed discussion of the
process that led to the proposed merger and the reasons behind the
Board of Directors' recommendation that stockholders vote �FOR� the
approval and adoption of the merger agreement and the merger. The
vote of Jacuzzi Brands� stockholders is very important regardless
of the number of shares of common stock they own. Whether or not
stockholders are able to attend the Annual Meeting in person, they
should complete, sign and date the proxy card and return it in the
prepaid and addressed envelope as soon as possible. If stockholders
fail to return their proxy cards, fail to attend the Annual Meeting
and vote in person, or fail to register their vote by telephone,
the effect will be that their shares will not be counted for
purposes of determining whether a quorum is present at the Annual
Meeting and, if a quorum is present, the failure to vote will have
the same legal effect as a vote against approval of the merger
agreement and the merger. Stockholders who have questions about the
merger, need assistance in submitting their proxy or voting their
shares should contact the Company's proxy solicitor, Georgeson
Inc., 17 State Street, New York, New York 10004, Telephone: (212)
440-9800 or toll-free at (866) 238-7667. About Jacuzzi Brands
Jacuzzi Brands, Inc., through its subsidiaries, is a global
manufacturer and distributor of branded bath and plumbing products
for the residential, commercial and institutional markets. These
include whirlpool baths, spas, showers, sanitary ware and bathtubs,
as well as professional grade drainage, water control, commercial
faucets and other plumbing products. Our products are marketed
under our portfolio of brand names, including JACUZZI�, SUNDANCE�,
ZURN�, and ASTRACAST�. Learn more at www.jacuzzibrands.com.
Important Information for Investors and Stockholders In connection
with the proposed merger, Jacuzzi Brands filed a proxy statement
with the Securities and Exchange Commission on January 5, 2007. WE
URGE INVESTORS TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT
DOCUMENTS TO BE FILED WITH THE SEC, BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. The proxy
statement and other relevant documents may be obtained free of
charge at the SEC's website, www.sec.gov, or from Jacuzzi Brands by
directing such request to Jacuzzi Brands, Attention: Diana Burton,
Vice President - Investor Relations, Phillips Point � West Tower,
777 South Flagler Drive, Suite 1100, West Palm Beach, FL 33401.
Telephone: (561) 514-3850. Jacuzzi Brands and its directors,
executive officers and other members of management and its
employees may be deemed to be participants in the solicitation of
proxies from the stockholders of Jacuzzi Brands in connection with
the merger. Information about Jacuzzi Brands� directors and
executive officers is set forth in Jacuzzi Brands� proxy statements
and annual reports on Form 10-K, previously filed with the SEC, and
the proxy statement relating to the proposed merger. Disclosure
Concerning Forward-Looking Statements Any forward-looking
statements made within this release, including Jacuzzi Brands�
current expectations with respect to the completion of the proposed
transaction, future market conditions, future operating results and
other plans, represent management�s best judgment as to what may
occur in the future and are intended to fall within the meaning of
the Private Securities Litigation Reform Act of 1995. Words such as
�expects,� �intends,� �plans,� �projects,� �believes,� �estimates,�
�may,� �will,� �should,� �shall,� and similar expressions typically
identify such forward-looking statements. Even though Jacuzzi
Brands believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained. In particular,
various economic and competitive factors, including those outside
our control, such as interest rates, foreign currency exchange
rates, inflation rates, instability in domestic and foreign
financial markets, terrorist acts, consumer spending patterns,
energy costs and availability, freight costs, availability of
consumer and commercial credit, adverse weather, levels of
residential and commercial construction, and changes in raw
material and component costs, and the credit worthiness of our
customers, insurers, and investees, and other factors contained in
Jacuzzi Brands� filings with the Securities and Exchange Commission
could cause our actual results during future years, and other
future expectations to differ materially from those expressed in
this press release.
Jacuzzi (NYSE:JJZ)
Historical Stock Chart
From Dec 2024 to Jan 2025
Jacuzzi (NYSE:JJZ)
Historical Stock Chart
From Jan 2024 to Jan 2025