DALLAS, March 6 /PRNewswire/ -- Global Industrial Technologies, Inc.
(NYSE: GIX) today commenced its previously announced cash tender offer for all
of the outstanding common shares of A. P. Green Industries, Inc. (NYSE: APK)
at a price of $22.00 per share, net to the seller, in cash. The tender offer
is scheduled to expire at 12:00 midnight, Eastern Time, on Thursday, April 2,
1998, unless extended.
The complete terms and conditions of the offer are set forth in the Offer
to Purchase, copies of which are available by contacting the information
agent, Georgeson & Company Inc. at 800-223-2064.
Global Industrial Technologies, Inc. also said it filed a Premerger
Notification and Report Form with the Federal Trade Commission and the
Antitrust Division of the Department of Justice under the Hart-Scott-Rodino
Act on Wednesday, March 4, 1998.
Wasserstein Perella & Co., Inc. is the Dealer Manager for the Offer.
Global Industrial Technologies, Inc. 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.
SOURCE Global Industrial Technologies, Inc.
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Related links:
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CONTACT:
Investors: George Pasley, V.P.
Communications, 214-953-4510, or Media: Larry Nance, Manager,
Corporate Relations - Public Affairs, 214-953-4518, both of
Global Industrial Technologies, Inc.
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
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