Remy International Extends Shareholder Consent Date and Rights Offering Expiration Date
PENDLETON, Ind., Jan. 4, 2011 /PRNewswire/ -- Remy International, Inc. today announced it is extending the expiration date of its ongoing common stock rights offering until January 18, 2011 and today priority mailed a supplemental stockholder solicitation concerning the rights offering and the redemption of its Series A and Series B Preferred stockholders. The stockholder solicitation response will be due on January 14, 2011. Stockholders participating in the rights offering will be notified of any available unsubscribed shares the week of January 24, 2011, with the final settlement date due on January 31, 2011. If you have any questions, please contact Fred Knechtel, Remy's Chief Financial Officer, at 765-778-6871.
About Remy International, Inc.
Remy International, Inc., headquartered in Pendleton, Indiana, is a leading global manufacturer, remanufacturer and distributor of light duty starters and alternators and Delco Remy brand heavy-duty systems. Remy International also manufactures and distributes electric propulsion motors designed with leading edge technology and backed by the security of over a billion miles of proven reliability. In business for over 100 years, today Remy International is actively collaborating with companies throughout the world to develop innovations that are transforming the vehicle industry. Recently, Remy International was recognized by the United States Department of Energy for its leadership role in the hybrid technologies space and awarded a $60 million grant under the Electric Drive Vehicle Battery and Component Manufacturing Initiative.
Safe Harbor Statement
This press release is neither an offer to sell nor the solicitation of an offer to buy shares of Remy common stock, nor shall there be any sale of these shares of common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Offers of Remy common stock will only be made by means of the offering circular. Information contained on Remy's website is not part of the offering circular.
This press release contains forward-looking statements. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the words "anticipate," "believe," "expect," "estimate," "plan" and similar expressions are generally intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve certain risks and uncertainties that are difficult to predict and are based upon assumptions as to future events that may not prove to be accurate. Although Remy International, Inc. believes the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate.
CONTACT: Matt Steward, Westcomm, [email protected], 317-270-4894
SOURCE Remy International, Inc.
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