SEBASTOPOL, Calif., Oct. 1 /PRNewswire-FirstCall/ -- SonomaWest Holdings, Inc. (Pink Sheets: SWHI) (the "Company") announced today that its Special Committee has suspended evaluation of the proposed tender offer by Stapleton Acquisition Company ("SAC") in light of SAC's announcement today that it will delay the tender offer. The Special Committee will resume its evaluation if and when it appears likely that a tender offer will be pursued.
This press release is neither a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell shares of the Company, and is not a substitute for any tender offer statement or other filing that may be required to be made with the Securities and Exchange Commission (SEC) if the tender offer contemplated by certain affiliates of the Company goes forward. If any such documents are filed with the SEC, investors are urged to read them because they will contain important information about the transaction. Any such documents, once filed, will be available, free of charge, at the SEC's website (http://www.sec.gov/).
About SonomaWest Holdings, Inc.
SonomaWest Holdings, Inc., formerly Vacu-dry Company, was incorporated in 1946 and currently operates as a real estate management and rental company. The Company's rental operations include two industrial properties. This commercial property is now being rented to third parties. The Company's primary operating revenue is generated from the leasing of its two properties, located in Sebastopol, California. The properties are leased to multiple tenants with various lease terms.
Forward-Looking Statements
All statements in this press release other than statements of historical fact are forward-looking statements, and are subject to risks and uncertainties. When used in this document, words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project" or "should" and similar expressions, as they relate to SonomaWest Holdings, Inc., are intended to identify forward-looking statements. Many factors could cause the actual results or events to be materially different from the results or events that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, whether the tender offer is commenced as planned and whether the conditions to the closing of the tender offer are satisfied.
