MILWAUKEE, Dec. 23 /PRNewswire-FirstCall/ -- Smith Investment Company (Pink Sheets: SMIC) previously announced that, to facilitate the proposed merger between Smith Investment and a subsidiary of A. O. Smith, Smith Investment will distribute to the stockholders of Smith Investment, in a taxable spin-off transaction, all of Smith Investment's assets and liabilities, other than its shares of A. O. Smith. Smith Investment has established December 22, 2008 as the record date for determining the Smith Investment stockholders entitled to participate in the spin-off transaction, and the spin-off transaction was originally scheduled to be effective as of January 1, 2009. To provide additional time to finalize an information statement required to be distributed to Smith Investment stockholders in connection with the spin-off transaction, Smith Investment has determined to postpone the effective date of the spin-off transaction until January 19, 2009. The record date for the spin-off transaction will remain unchanged as December 22, 2008.
About Smith Investment Company
Smith Investment Company (SMIC - PK) is a diversified company with headquarters in Milwaukee, Wisconsin. Its product lines include multicolor printing and related services and commercial warehousing, trucking and packaging. The company also owns a control position in A. O. Smith Corporation .
In connection with Smith Investment's distribution of membership units in Smith Investment Company LLC, a limited liability company formed for purposes of the spin-off transaction, Smith Investment will provide its stockholders with an information statement containing information about the spin-off transaction and Smith Investment Company LLC. Smith Investment stockholders are urged to read this document carefully when it becomes available because it will contain important information regarding the spin-off transaction and Smith Investment Company LLC.
This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
