Manufacturers

Southwire Extends Tender Offer for All Outstanding Shares of Coleman

 

CARROLLTON, Ga. and WAUKEGAN, Ill. — Southwire Company (“Southwire”) and Coleman Cable, Inc. (NASDAQ: CCIX) (the “Company” or “Coleman”) today announced that Cubs Acquisition Corporation, a wholly-owned subsidiary of Southwire (“Purchaser”), has extended the expiration of its previously announced tender offer for all outstanding shares of common stock of Coleman, at a price of $26.25 per share in cash, net to the seller in cash, without interest, less any applicable withholding taxes, to 12:00 midnight, New York City time, on February 10, 2014 (one minute after 11:59 P.M., New York City time, on February 10, 2014).  Purchaser has extended the tender offer in order to permit the expiration of the marketing period under the merger agreement, which commenced on January 13, 2014 and is scheduled to expire on February 10, 2014.  The tender offer was previously scheduled to expire at 12:00 midnight, New York City time, on February 3, 2014 (one minute after 11:59 P.M., New York City time, on February 3, 2014). All other terms and conditions of the tender offer remain unchanged.

The depositary for the tender offer has advised that, as of the close of business on February 3, 2014, a total of approximately 15,838,154 shares of the Company’s common stock were validly tendered and not properly withdrawn in the tender offer, representing approximately 85.6% of the outstanding shares.

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