WESTFIELD, Mass., Dec. 17 /PRNewswire-FirstCall/ -- 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 Tuesday, December 15, 2009.
The Company accepted for purchase 28,839 shares of its common stock, representing all of the shares of its common stock validly tendered in the tender offer, at a price of $7.00 per share, for a total cost of $201,873, excluding fees and expenses related to the offer. These shares represent approximately .36% of the shares outstanding on September 30, 2009.
Computershare, Inc. will promptly pay for the shares accepted for purchase. With the completion of the tender offer, the Company now has approximately 7,960,918 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, and the provision of healthcare information technology systems and related software, billing and consulting services. 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 http://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.
Mestek, Inc.
CONTACT: Cindy Lacoste, Mestek, Inc. +1-413-568-9571 (Corporate), Fax:
+1-413-568-7428, clacoste@mestek.com
Web Site: http://www.mestek.com/
