Tender Offer Relating to Technology Flavors & Fragrances, Inc. Common Stock Completed
June 22 2005 - 6:54AM
PR Newswire (US)
Tender Offer Relating to Technology Flavors & Fragrances, Inc.
Common Stock Completed UPPLE SADDLE RIVER, N.J., June 22
/PRNewswire-FirstCall/ -- A cash tender offer to acquire the
outstanding shares of Technology Flavors & Fragrances, Inc.
("TFF") (AMEX:TFF) for $1.55 net per share, without interest, has
been completed by FFG Industries, Inc. ("FFG"), through its wholly
owned subsidiary FFG Merger Corporation. Approximately 12,298,956
shares of TFF common stock, representing approximately 95.82% of
TFF's outstanding common stock, were tendered in the offer. FFG has
accepted for payment all validly tendered shares. Payments for
accepted shares will be made through Mellon Investor Services LLC,
the depositary for the offer. FFG intends to complete its
acquisition of TFF through a merger as promptly as practicable. As
a result of the merger, all remaining publicly held shares of TFF
common stock that were not validly tendered and purchased in the
tender offer, except those shares for which appraisal rights under
applicable law are properly exercised, will be converted into the
right to receive $1.55 net per share in cash, without interest,
subject to applicable withholding. Following the merger, TFF will
become a wholly owned subsidiary of FFG. DATASOURCE: FFG
Industries, Inc. CONTACT: Mellon Investor Services LLC,
1-888-509-7935 Web site: http://www.chasemellon.com/
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