Compagnie St-Gobain - Re Subsid's Tender Offer
October 25 1999 - 10:29AM
UK Regulatory
RNS No 5341r
COMPAGNIE DE SAINT-GOBAIN
25 October 1999
SUCCESSFUL COMPLETION OF THE TENDER OFFER
FOR FURON COMPANY
Norton Company, a US subsidiary of Compagnie de Saint-Gobain, announced the
successful completion of its tender offer for all of the outstanding shares of
the American company Furon. The offer expired, as scheduled, at 12:00 midnight
(EDT) on Friday, October 22, 1999.
Based on preliminary information from the depositary for the offer,
approximately 96% of the outstanding shares of Furon Company have been tendered.
Norton and Furon will now proceed to complete a merger pursuant to which Furon
Company will become an wholly owned subsidiary of Norton Company. The merger is
expected to be completed by the end of November.
With the acquisition of Furon, the leading US manufacturer of high performance
plastics, Saint-Gobain creates a global leader in this fast growing industry.
Investor Relations Department
Tel.: Florence TRIOU 01 47 62 45 19
Tel.: Lounis BEKKAT 01 47 62 32 36
Fax: 01 47 62 50 62
END
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