FinishMaster Shareholders Approve Merger with Uni-Select
06 Janvier 2011 - 11:30PM
Business Wire
FinishMaster, Inc. (Pink Sheets: FMST) announced today its
shareholders approved the Company’s merger with a subsidiary of
Uni-Select, Inc. (TSX: UNS), a leader in the distribution of
automotive replacement parts, equipment, tools and accessories. As
a result of the merger, the Company will become a subsidiary of
Uni-Select, Inc.
The Company held a special shareholder’s meeting on January 5,
2011, to consider the merger at which time the shareholders in
attendance approved the merger.
The transaction is expected to close on or about January 11,
2011, at which time shareholders of FinishMaster will receive
$21.00 in cash per share, without interest.
FinishMaster will remain a distinct entity within Uni-Select
serving the collision repair market. Its headquarters will remain
in Indianapolis, Indiana.
About FinishMasterFounded in 1968, FinishMaster is the
largest U.S. independent distributor of automotive paints, coatings
and related accessories to the automotive collision repair
industry. The Company is headquartered in Indianapolis, Indiana,
and operates three major distribution centers and 162 branches in
39 of the 50 largest metropolitan areas in the country. For more
information on FinishMaster, visit the company’s website at
http://www.finishmaster.com/.
About Uni-SelectFounded in 1968, Uni-SelectTM is a
Canadian leader in the distribution of automotive replacement
parts, equipment, tools and accessories. Uni-Select USA, Inc., a
subsidiary of the Company, provides services to customers in the
United States, where it is the sixth largest distributor. The
Uni-Select NetworkTM includes over 2,500 independent jobbers and
services 3,500 points of sale in North America. Uni-Select is
headquartered in Montreal. Uni-Select shares (UNS) are traded on
the Toronto Stock Exchange (TSX). Uni-Select and Uni-Select Network
are trademarks owned by Uni-Select, Inc. For more information on
Uni-Select, visit the company’s website at
http://www.uniselect.com/eng/.
Forward-Looking StatementsAll statements other than
statements of historical fact included in this news release are
forward-looking statements made in good faith by the company and
are intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. Such statements are based on management’s beliefs, as well as
assumptions made by and information currently available to
management and include such words as “believe,” “anticipate,”
“endeavor,” “estimate,” “expect,” “objective,” “projection,”
“forecast,” “goal,” “likely,” and similar expressions intended to
identify forward-looking statements. FinishMaster cautions readers
that the assumptions forming the basis for forward-looking
statements include many factors that are beyond FinishMaster’s
ability to control or estimate precisely and actual results could
differ materially from those contained in this document. You should
not place undue reliance on these forward-looking statements. All
of these forward-looking statements are based on our expectations
as of the date of this news release. We undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as required by law.
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