Maverick Tube Corporation Announces Colombian Clearance of the Proposed Merger with Tenaris S.A.
September 18 2006 - 5:15PM
Business Wire
Maverick Tube Corporation (NYSE:MVK) announced today that the
Colombian Superintendence of Industry and Commerce has completed
its review of the proposed merger with Tenaris S.A. and has cleared
the proposed merger without conditions. The Colombian condition
precedent in the merger agreement with Tenaris is now satisfied.
The proposed merger has now been cleared by competition authorities
in all jurisdictions in which such clearance is a condition
precedent to the transaction. Maverick's special meeting of
stockholders to vote on the proposed merger is scheduled for
October 2, 2006. Maverick Tube Corporation is a St. Louis, Missouri
based manufacturer of tubular products in the energy industry for
exploration, production, and transmission, as well as industrial
tubing products (steel electrical conduit, standard pipe, pipe
piling, and mechanical tubing) used in various applications.
Forward-Looking Statements This news release contains
forward-looking information that is based on assumptions that are
subject to numerous business risks, many of which are beyond the
control of Maverick. Furthermore, statements about the expected
timing, completion and effects of the proposed merger and all other
statements in this filing other than historical facts, constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date hereof and are based on current expectations and
involve a number of assumptions, risks and uncertainties that could
cause the actual results to differ materially from such
forward-looking statements. Maverick may not be able to complete
the proposed merger because of a number of factors, including the
failure of Maverick's stockholders to approve the merger, the
failure to obtain regulatory approvals or the failure to satisfy
other closing conditions. Factors that may affect the business or
financial results of Maverick include those described under "Risk
Factors" and elsewhere in Maverick's Form 10-K for its year ended
December 31, 2005, as amended. Maverick assumes no obligation to
update any forecast or forward-looking statements included in this
document, except as required by law. Additional Information and
Where to Find It In connection with the solicitation of proxies by
Maverick with respect to the meeting of its stockholders on October
2, 2006 with respect to the proposed merger, Maverick filed a
definitive proxy statement with the Securities and Exchange
Commission (the "SEC") on September 1, 2006 and has furnished the
definitive proxy statement to its stockholders. Maverick has also
filed other relevant documents with the SEC in connection with the
proposed transaction. BEFORE MAKING ANY VOTING DECISION WITH
RESPECT TO THE PROPOSED MERGER, STOCKHOLDERS OF MAVERICK ARE
ADVISED TO READ THE DEFINITIVE PROXY STATEMENT BECAUSE IT CONTAINS
IMPORTANT INFORMATION. Stockholders can obtain a free-of-charge
copy of the definitive proxy statement and other relevant documents
filed with the SEC from the SEC's web site at http://www.sec.gov.
Stockholders can also obtain a free-of-charge copy of the
definitive proxy statement and other relevant documents by
directing a request by mail or telephone to Maverick Tube
Corporation, 16401 Swingley Ridge Road, Suite 700, Chesterfield,
Missouri 63107, Attention: Joyce M. Schuldt, Telephone:
636-733-1600, or from Maverick's website, www.mavericktube.com.
Participants in the Solicitation Maverick and certain of its
directors and executive officers may, under the rules of the SEC,
be deemed to be "participants" in the solicitation of proxies from
its stockholders in connection with the proposed merger.
Information concerning the interests of the persons who may be
considered "participants" in the solicitation is set forth in
Maverick's proxy statement relating to the proposed merger
described above.
Maverick Tube (NYSE:MVK)
Historical Stock Chart
From Sep 2024 to Oct 2024
Maverick Tube (NYSE:MVK)
Historical Stock Chart
From Oct 2023 to Oct 2024