BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo
S.A. (NYSE:TSE), a global materials solutions provider and
manufacturer of plastics, latex binders and synthetic rubber today
announced the final results of its tender offer, which expired at 5:00
p.m., New York City Time on April 25, 2016, in which Trinseo offered to
purchase up to 1,165,000 of its ordinary shares at a price of $35.63 per
share on the terms and subject to the conditions set forth in the Offer
to Purchase. In accordance with the terms and subject to the conditions
of the offer, Trinseo has accepted for purchase 38,702 of its ordinary
shares at a price of $35.63 per share, for a total purchase price of
$1,378,952.26. The Company conducted the tender offer in order to
satisfy certain requirements of Luxembourg law following the repurchase
by the Company of 1,600,000 ordinary shares as part of the secondary
offering of the Company’s ordinary shares that was completed on March
24, 2016.
Payment for shares accepted for purchase will be made promptly by
American Stock Transfer and Trust Company, the depositary for the tender
offer.
The Company retained Okapi Partners LLC to act as information agent and
American Stock Transfer and Trust Company, LLC to act as depositary in
connection with the tender offer. Shareholders with questions regarding
the tender offer may call the information agent toll-free at (855)
208-8903.
About Trinseo
Trinseo (NYSE:TSE) is a global materials solutions provider and
manufacturer of plastics, latex binders, and synthetic rubber. We are
focused on delivering innovative and sustainable solutions to help our
customers create products that touch lives every day – products that are
intrinsic to how we live our lives – across a wide range of end-markets,
including automotive, consumer electronics, appliances, medical devices,
lighting, electrical, carpet, paper and board, building and
construction, and tires. Trinseo had approximately $4.0 billion in
revenue in 2015, with 18 manufacturing sites around the world, and more
than 2,200 employees.
Note on Forward-Looking Statements
This press release may contain “forward-looking statements.” Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar expressions
are intended to identify such forward-looking statements. By
their nature, forward-looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may or
may not occur in the future, including risks and uncertainties relating
to the repurchase by the Company and the risks identified, or
incorporated by reference, in the Offer to Purchase. As a result
of the foregoing considerations, you are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the
date of this press release. All forward-looking statements are qualified
in their entirety by this cautionary statement. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
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Source: Trinseo S.A.