Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Nashua Corp. Commences Offer to Repurchase up to 1.9 Million Shares
Print
Nashua, New Hampshire, USA, 29 May 2007 -- Nashua Corporation (NASDAQ: NSHA), a manufacturer and marketer of labels and thermal specialty papers, today announced that it has commenced an offer to repurchase up to 1,900,000 shares of its common stock in a tender offer at a price of USD 10.50 per share.

If Nashua repurchases the full 1,900,000 shares, the offer will result in the repurchase by Nashua of approximately 30% of its currently outstanding shares. The tender offer will be financed from USD 10 million pursuant to a term loan and USD 10 million under a revolving line of credit, each of which will be provided pursuant to our Second Amended and Restated Credit Agreement with LaSalle Bank National Association and Bank of America.

The tender offer, proration period, and withdrawal rights will expire at 12:00 a.m., Eastern time, on 28 June 2007, unless the tender offer is extended. The terms and conditions of the tender offer appear in our Offer to Purchase, dated 29 May 2007, and the related Letter of Transmittal.

The Dealer Manager for the tender offer is Georgeson Securities Corporation. The Information Agent for the tender offer is Georgeson Inc.

The tender offer is made solely by the Offer to Purchase, dated 29 May 2007, and the related Letter of Transmittal, and any amendments or supplements thereto. Nashua will be filing with the SEC on 29 May 2007, a Schedule TO that will include these documents and other materials as exhibits. Stockholders should carefully read the Schedule TO and its exhibits because they will contain important information, including the various terms and conditions of the tender offer. Stockholders will be able to obtain copies of these documents from the SEC's website at http://www.sec.gov without charge when these documents become available. Stockholders may also request a copy of these documents from Nashua at no cost, by writing or telephoning Nashua at: Nashua Corporation, Attention: Corporate Secretary, 11 Trafalgar Square, Suite 201, Nashua, New Hampshire 03063, Telephone: 603-880-2539. Stockholders should be sure to include their complete name and address in such requests. Stockholders can also find copies of these documents by visiting Nashua's website at http://www.nashua.com. Questions and requests for assistance may be directed to Georgeson, Inc., the Information Agent, at 888-605-7508 (toll free) or 212-440-9800 (collect).

About Nashua

Nashua Corporation manufactures and markets a wide variety of specialty imaging products and services to industrial and commercial customers to meet various print application needs. The company's products include thermal coated papers, pressure-sensitive labels, colored copier papers, bond, point of sale, ATM and wide-format papers, entertainment tickets, plus toners, developers, and ribbons for use in imaging devices. Additional information about Nashua Corporation can be found at www.nashua.com.


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: