DALLAS, March 16 /PRNewswire/ -- Global Industrial Technologies, Inc.
(NYSE: GIX) announced today that, pursuant to the Hart-Scott-Rodino Antitrust
Improvements Act, it has refiled a Notification and Report Form with the
Federal Trade commission in connection with its tender offer to purchase for
cash all outstanding shares of A. P. Green Industries, Inc. (NYSE: APK) at
$22 per share.
As a result of the refiling, the expiration of the 15-calendar day waiting
period will expire at 11:59 p.m., EST, March 31, 1998, unless early
termination of the waiting period is granted or Global Industrial Technologies
receives a request for additional information or documentary material prior to
such date.
Global Industrial Technologies is a major manufacturer of technologically
advanced industrial products that support high-growth markets around the
world. Its Harbison-Walker subsidiary operates 15 refractory plants in five
countries, including the United States, Canada, Mexico, Chile and Germany.
Statements that Global Industrial Technologies, Inc. may publish,
including those in this announcement, that are not strictly historical are
"forward-looking" statements under the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Although the Company believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurance that its expectations will be
realized. Forward-looking statements involve known and unknown risks which
may cause the Company's actual results and corporate developments to differ
materially from those expected. Factors that could cause results and
developments to differ materially from the Company's expectations include,
without limitation, changes in manufacturing and shipment schedules, delays in
completing plant construction and acquisitions, currency exchange rates, new
product and technology developments, competition within each business segment,
cyclicity of the markets for the products of a major segment, litigation,
significant cost variances, the effects of acquisitions and divestitures, and
other risks described from time to time in the Company's SEC reports including
quarterly reports on Form 10-Q, annual reports on Form 10-K and reports on
Form 8-K.
SOURCE Global Industrial Technologies, Inc.
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CONTACT:
Media: Larry Nance, Manager of Corporate
Relations/Public Affairs, 214-953-4518; or Investors: George
Pasley, V.P. Communications, 214-953-4510, both of Global
Industrial Technologies, Inc.
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
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