Delta Apparel Announces Change in Post Expiration Withdrawal Date for Dutch Auction Tender Offer
DULUTH, Ga., Dec 18, 2001 (BUSINESS WIRE) -- On December 7, 2001, Delta Apparel, Inc.(AMEX: DLA), a Georgia corporation, filed a Schedule TO with the Securities and Exchange Commission announcing its intention to purchase up to 350,000 shares of its Common Stock, $0.01 par value per share (the "Shares"), as provided in the Offer to Purchase of that same date, at a purchase price not greater than $22 nor less than $19 net per Share in cash upon the terms and subject to the conditions set forth in the Offer to Purchase and the related Letter of Transmittal, which together constitute the "Offer."
The Offer to Purchase indicates under the heading "Summary Term Sheet -- Withdrawal Rights" and under the heading "The Offer -- 4. WITHDRAWAL RIGHTS," that Shares tendered pursuant to the Offer may be withdrawn at any time prior to the Expiration Date (which is 5:00 p.m., New York City time, on Thursday, January 10, 2002 unless the Offer is extended) and, unless theretofore accepted for payment by the Company pursuant to the Offer, may also be withdrawn at any time after 12:00 Midnight, New York City time, on January 10, 2002.
The first time at which tendered Shares may be withdrawn after the Expiration Date has been changed from 12:00 Midnight, New York City time, on January 10, 2002 to 12:00 Midnight, New York City time, on January 24, 2002 and the Offer has been amended accordingly.
This press release is for informational purposes only and is not intended to serve as a solicitation to buy securities. Any solicitation to buy securities will be made only pursuant to the Offer to Purchase and Letter of Transmittal, each as amended, that Delta Apparel, Inc. filed with the Securities and Exchange Commission (the "Commission") on December 7, 2001 and December 18, 2001. Before tendering shares, shareholders should read these documents carefully, as they contain important information. Investors can also obtain copies of these and other documents filed with the Commission in connection with the tender offer for free at the Commission's Web site at www.sec.gov and/or directly from Delta Apparel, Inc.
Delta Apparel, Inc. is a vertically integrated manufacturer and marketer of high quality knit apparel. The Company specializes in selling undecorated T-shirts, golf shirts and tank tops to distributors, screen printers and private label accounts. Delta Apparel has operations in five states, two company-operated sewing facilities in Honduras and one company-operated sewing facility in Mexico. The Company employs about 2,600 worldwide.
CONTACT: Delta Apparel, Inc. Herb Mueller, 678/775-6948 URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.
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Released December 18, 2001