Business
Results of Tender Offer Process
Results of Tender Offer Process.
About this update from Ig Design Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 5901E\n IG Design Group PLC\n 02 March 2020\n \n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT (THE \"ANNOUNCEMENT\") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF IRELAND, SWITZERLAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n 2 March 2020\n \n \n \n IG Design Group\n \n \n plc\n \n \n \n (\"Design Group\", the \"Company\" or the \"Group\")\n \n \n Results of Tender Offer Process\n \n \n \n \n \n IG Design Group plc, one\n of \n the world's leading designers, innovators and manufacturers of celebrations, gifting, stationery and creative play products, today reports the results of its previously announced tender offer made on 31 January 2020 \n to purchase all outstanding shares of common stock of\n \n CSS Industries, Inc. \n (\"CSS\") (NYSE: CSS) \n for $9.40 per share in cash.\n \n \n \n \n The previously announced tender offer expired at the end of the day one minute after 11:59 p.m. Eastern Standard time, on 28 February 2020, and was not extended. The Depositary for the tender offer advised the Company, that, as of the expiration of the tender offer, 7,778,729 shares of CSS common stock, representing approximately 87.6 percent of the CSS common stock issued and outstanding as of the expiration of the tender offer, had been validly tendered and not validly withdrawn pursuant to the tender offer (excluding shares with respect to which notices of guaranteed delivery were delivered but the shares represented thereby were not yet delivered). In addition, the Depositary for the tender offer advised the Company, that, as of the expiration of the tender offer, notices of guaranteed delivery had been delivered for 500 shares of CSS common stock, representing less than 0.01 percent of the CSS common stock issued and outstanding as of the expiration of the tender offer. The number of shares of CSS common stock tendered (excluding shares delivered pursuant to Notices of Guaranteed Delivery) satisfies the Minimum Condition. As the Minimum Condition and each of the other conditions of the tender o...