WESTFIELD, Mass., Dec. 30, 2011 /PRNewswire/ -- Mestek, Inc.
(Pink Sheets: MCCK) (the "Company"), today announced the final
results of its modified "Dutch Auction" tender offer, which expired
at 5 p.m. on Friday, December 23, 2011.
The Company accepted for purchase 99,464 shares of its common
stock, representing all of the shares of its common stock validly
tendered in the tender offer, at a price of $12.50 per share, for a total cost of
$1,243,300.00, excluding fees and
expenses related to the tender offer. These shares represent
approximately 1.3% of the shares outstanding on September 30, 2011.
The Company, though Computershare, Inc., the depository for the
tender offer, will promptly pay for the shares accepted for
purchase. With the completion of the tender offer, the Company now
has approximately 7,455,716 shares outstanding.
Shareholders and investors who have questions or need
information about the offer may contact the information agent,
MacKenzie Partners, Inc., toll free at (800) 322-2885 or collect at
(212) 929-5500.
Mestek, Inc. engages in the manufacture and sale of heating,
ventilating and air conditioning (HVAC) equipment, and
metal-forming equipment in the United
States and Canada. The
Company was incorporated in 1898 as Mesta Machine Company and
changed its name to Mestek, Inc. in 1984. Mestek is headquartered
in Westfield, Massachusetts. For
more information, visit www.mestek.com.
This news release discusses certain matters that may be
considered "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including
statements regarding the intent, belief or current expectations of
the Company and its management. Such forward-looking statements are
not guarantees of future performance and involve a number of risks
and uncertainties that could materially affect actual results. All
information set forth in this news release is as of today's date,
and the Company undertakes no duty to update this
information.
Web site: http://www.mestek.com
SOURCE Mestek, Inc.
