Toyoda Automatic Loom Works, Ltd. has received acceptances for 94.2 percent of the shares and votes of BT Industries AB

Toyoda Automatic Loom Works, Ltd. has received acceptances for 94.2 percent of the shares and votes of BT Industries AB (publ) Toyoda Automatic Loom Works, Ltd.'s ("TAL") public offer for all outstanding shares in BT Industries AB (publ) ("BT Industries") has, during the regular acceptance period that expired on June 2, 2000, been accepted to such an extent that the shares tendered, together with the 25.1 percent in BT Industries that TAL acquired on May 31, 2000, represent 94.2 percent of the shares and voting rights in the company. On June 5, 2000, TAL announced that the condition of a 90 percent level of acceptance had been fulfilled. The offer is still subject to necessary clearances from the relevant competition authorities. Such clearances are expected to be obtained on or around June 15, 2000. As announced earlier, to permit participation in the offer by BT Industries shareholders who have not yet accepted, TAL has decided to extend the offer up to and including June 14, 2000. Provided that clearances from relevant competition authorities are obtained on or around June 15, 2000, settlement for shares tendered during the regular and extended acceptance periods is expected to take place on or around June 22, 2000. Kariya June 8, 2000 TOYODA AUTOMATIC LOOM WORKS, LTD. For further information, please contact: Representing Toyoda Automatic Loom Works, Ltd. Göran Riegnell, Kreab tel: +46 (0)8 5064 5276 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/08/20000608BIT00390/bit0001.doc http://www.bit.se/bitonline/2000/06/08/20000608BIT00390/bit0002.pdf

About Us

Kreab Gavin Anderson is an independent global communications consultancy specializing in financial and corporate communications and public affairs. We help our clients solve complex and demanding communication issues providing independent and strategic advice to companies and governments at the highest levels. With operations in 25 countries and over 350 highly experienced consultants, we help clients inform the people they need to reach, change critical perceptions, and solve issues that have a major impact on their future. Our commitment is to help our clients create value through communication. And, with our worldwide network, we have the ability to deliver our clients’ messages around the world. Our firm's competitive edge is our ability to bring multiple experiences of difficult and complex situations to bear on solving problems in the communications dimension

Subscribe