DIMON Incorporated and Standard Commercial Corporation Finalize Proxy and Announce Dates of Special Meetings to Approve Merger
04 Marzo 2005 - 7:00AM
PR Newswire (US)
DIMON Incorporated and Standard Commercial Corporation Finalize
Proxy and Announce Dates of Special Meetings to Approve Merger
DANVILLE, Va. and WILSON, N.C., March 4 /PRNewswire-FirstCall/ --
Independent leaf tobacco dealers DIMON Incorporated (NYSE:DMN) and
Standard Commercial Corporation (NYSE:STW) today jointly announced
that the U.S. Securities and Exchange Commission has declared
effective a registration statement on Form S-4 containing the proxy
statement/prospectus regarding the proposal to merge the two
companies. Each of DIMON and Standard expects to begin mailing the
proxy statement/prospectus to its shareholders today, Friday, March
4, 2005. Each of DIMON's and Standard's special meeting of
shareholders will be held on Friday, April 1, 2005, at 3:30 pm EST,
with shareholders of record at the close of business on February
10, 2005, entitled to vote at each meeting. The DIMON special
shareholders meeting will be held at The Carrington Conference
Center, 503 Bridge Street, Danville, Virginia. The Standard special
shareholders meeting will be held at the Wilson County Agricultural
Center Auditorium, 1806 South Goldsboro Street, Wilson, North
Carolina. The closing of the merger remains subject to financing
considerations and customary closing conditions, including approval
by the shareholders of each of DIMON and Standard, and approval of
certain non-U.S. antitrust authorities, some of which have already
been obtained. DIMON Incorporated is the world's second largest
dealer of leaf tobacco with operations in more than 30 countries.
For more information on DIMON, visit the company's website at
http://www.dimon.com/. Standard Commercial Corporation is the
world's third largest dealer of leaf tobacco with operations in
more than 30 countries. For more information on Standard
Commercial, visit the company's website at
http://www.sccgroup.com/. This press release contains
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These statements are based on
current expectations of future events. Such statements include, but
are not limited to, statements about conditions to the merger
between DIMON and Standard and other statements that are not
historical facts. Such statements are based on the current beliefs
and expectations of DIMON's and Standard's management and are
subject to significant risks and uncertainties. If underlying
assumptions prove inaccurate or unknown risks or uncertainties
materialize, actual results may differ materially from current
expectations and projections. The following factors, among others,
could cause actual results to differ from those set forth in the
forward-looking statements: changes in the markets for financing
necessary to consummate the merger; failure of either DIMON or
Standard to satisfy conditions to the merger provided in the merger
agreement; and the timing and substance of actions by non-U.S.
antitrust authorities relating to the merger. DIMON and Standard do
not undertake any obligation to publicly release the results of any
revisions that may be made to any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements. Additional factors
that could cause DIMON's and Standard's results to differ
materially from those described in the forward-looking statements
can be found in DIMON's and Standard's filings with the Securities
and Exchange Commission (the "SEC") which are available at the
SEC's Internet site (http://www.sec.gov/ ). DIMON and Standard
Commercial have filed a joint proxy statement/prospectus and other
relevant documents concerning the merger with the U.S. Securities
and Exchange Commission. STOCKHOLDERS ARE URGED TO READ THE PROXY
STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND OTHER
RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN
IMPORTANT INFORMATION. Investors and security holders will be able
to obtain a free copy of the proxy statement/prospectus, as well as
other filings containing information about DIMON and Standard
without charge at the SEC's Internet site (http://www.sec.gov/ ).
Copies of the proxy statement/prospectus and the filings with the
SEC that will be incorporated by reference in the proxy
statement/prospectus can also be obtained, without charge, by
directing a request to DIMON Incorporated, 512 Bridge Street, Post
Office Box 681, Danville, Virginia 23543-0681, Attention: Investor
Relations, (434) 792 7511 or to Standard Commercial Corporation,
2201 Miller Road, P.O. Box 450, Wilson, North Carolina 27894-0450,
Attention: Investor Relations, (252) 291 5507. The respective
directors and executive officers of DIMON and Standard and other
persons may be deemed to be "participants" in the solicitation of
proxies in respect of the proposed merger. Information regarding
DIMON's directors and executive officers is available in its proxy
statement filed with the SEC on July 13, 2004, and information
regarding Standard's directors and executive officers is available
in its proxy statement filed with the SEC on June 23, 2004. Other
information regarding the participants in the proxy solicitation
and a description of their direct and indirect interests, by
security holdings or otherwise, is contained the proxy
statement/prospectus and other relevant materials filed with the
SEC. DATASOURCE: DIMON Incorporated; Standard Commercial
Corporation CONTACT: Ritchie L. Bond of DIMON Incorporated,
+1-434-791-6952; or Timothy S. Price of Standard Commercial
Corporation, +1-252-291-5507 Web site: http://www.dimon.com/
Copyright
Standard Commercial (NYSE:STW)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Standard Commercial (NYSE:STW)
Gráfica de Acción Histórica
De May 2023 a May 2024