GUELPH, ON, Feb. 16, 2016 /CNW/ - The Autorité des
marchés financiers (the French market authority, the "AMF") has
published today the final results of the reopened public tender
offer on the shares of Montupet S.A, pursuant to article 232-4 of
the AMF General Regulation. As of February
16, 2016, a total of 10,442,924 shares of Montupet S.A have
been tendered. At the date of the settlement and delivery of
the Offer, Linamar should hold 96.85% of the share capital and
96.41% of voting rights of Montupet S.A.
Linda Hasenfratz, CEO of Linamar,
commented: "We are thrilled with the results of our tender
offer. Montupet is a global leader in light metal casting and we
look forward to fully integrating the company with Linamar.
Together we will create fantastic solutions for our customers and
drive solid growth for our company."
Linamar Corporation (TSX:LNR) is a diversified global
manufacturing Company of highly engineered products powering
vehicles, motion, work and lives. The Company is made up of 2
operating segments – the Powertrain/Driveline segment and the
Industrial segment, which are further divided into 4 operating
groups – Machining & Assembly, Light Metal Casting, Forging,
and Skyjack, all world leaders in the design, development and
production of highly engineered products. The Company's Machining
and Assembly, Casting and Forging operating groups focus on
precision metallic components, modules and systems for engine,
transmission and driveline systems & structural components
designed for global vehicle and industrial markets. The Company's
Skyjack operating group is noted for its innovative, high quality
mobile industrial equipment, notably its class-leading aerial work
platforms and telehandlers. With more than 19,500 employees in 48
manufacturing locations, 5 R&D centers and 15 sales offices in
14 countries in North and South
America, Europe and
Asia, Linamar generated sales of
$4.2 billion in 2014. For more
information about Linamar Corporation and its industry leading
products and services, visit www.linamar.com.
Forward Looking Information, Risk and Uncertainties
Certain information provided by Linamar in this press release
and other documents published throughout the year which are not
recitation of historical facts may constitute forward-looking
statements. The words "may", "would", "could", "will", "likely",
"estimate", "believe", "expect", "plan", "forecast" and similar
expressions are intended to identify forward-looking statements.
Readers are cautioned that such statements are only predictions and
the actual events or results may differ materially. In evaluating
such forward-looking statements, readers should specifically
consider the various factors that could cause actual events or
results to differ materially from those indicated by such
forward-looking statements.
Such forward-looking information may involve important risks and
uncertainties that could materially alter results in the future
from those expressed or implied in any forward-looking statements
made by, or on behalf of, Linamar. Some of the factors and risks
and uncertainties that could cause results to differ from current
expectations include, but are not limited to, the ability of
Linamar to satisfy the conditions of the Tender Offer, to
successfully take up and pay for shares and voting rights tendered
to the Tender Offer and to complete any subsequent squeeze out
transaction, compliance by the signatories with the terms of the
Tender Offer Agreement and the Undertaking to Tender Agreements,
completion of Linamar's financing of the Tender Offer, changes in
the various economies in which Linamar and Montupet operate,
fluctuations in interest rates, environmental emission and safety
regulations, the extent of OEM outsourcing, industry cyclicality,
trade and labour disruptions, world political events, pricing
concessions and cost absorptions, delays in program launches,
Linamar's dependence on certain engine and transmission programs
and major OEM customers, currency exposure, technological
developments by Linamar's and Montupet's competitors, governmental,
environmental and regulatory policies and changes in the
competitive environment in which Linamar and Montupet operate.
The financial and operating performance of Linamar and its
reportable operating segments and the timing and terms upon which
the Tender Offer may be consummated, if at all, may be affected by
a number of factors. Many of these risk factors and other
assumptions related to Linamar's forward-looking statements and
information are discussed in further detail throughout the Tender
Offer documents and in Linamar's continuous disclosure materials on
file with Canadian securities commissions at www.sedar.com, and
readers should refer to such risk factors and other statements in
evaluating the forward-looking statements contained in this news
release.
The foregoing is not an exhaustive list of the factors that may
affect Linamar's forwarding looking statements. These and other
factors should be considered carefully and readers should not place
undue reliance on Linamar's forward-looking statements. Linamar
assumes no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
reflected in the forward-looking statements.
The offer document, affixed with the visa n°15-618 dated
8 December 2015 and setting out the
terms and conditions of the Offer, as well as the document relating
in particular to the legal, financial and accounting
characteristics of Linamar GmbH and Linamar Forging Holding GmbH
are available on the websites of Linamar (www.linamar.com) and of
the AMF (www.amf-france.org). A copy of these documents is also
available free of charge upon request at Deutsche Bank, 23-25
avenue Franklin Roosevelt 75008
Paris, France and Natixis, 47,
quai d'Austerlitz 75013 Paris France.
SOURCE Linamar Corporation