SPX Corporation has received necessary regulatory clearances regarding the offer for Aktiebolaget Custos (publ)
The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, the United States of America, Australia, Canada, South Africa or Japan or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other actions in addition to those required under Swedish law.
CHARLOTTE, North Carolina – 30 November 2006
SPX Corporation (NYSE:SPW) has received all necessary regulatory clearances regarding the recommended offer to the shareholders of Aktiebolaget Custos (publ) (“Custos”), which was announced on 8 November 2006 (the “Offer”).
Pursuant to the Offer, the shareholders of Custos are offered to tender their shares at a price of SEK 78 per share in cash.
The acceptance period for the Offer will expire on 1 December 2006 at 17.00 CET.
Settlement is expected to begin on or around 8 December 2006, subject to the fulfilment or waiver of the remaining conditions for completion of the Offer.
Contacts
Jeremy W. Smeltser (Investors)
Tel: +1 704-752-4478
E-mail: investor@spx.com
Tina Betlejewski (Media)
Tel: +1 704-752-4454
E-mail: spx@spx.com
The Offer, as well as the agreements entered into between SPX, directly or indirectly through a wholly owned Swedish subsidiary, and the shareholders of Custos upon acceptance of the Offer, shall be governed by and construed in accordance with the substantive laws of Sweden. The courts of Sweden shall have exclusive jurisdiction over any dispute arising out of or in connection with the Offer and the City Court of Stockholm shall be the court of first instance.
The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law or regulation and therefore persons in such jurisdiction into which this announcement is released, published or distributed must inform themselves about and observe such restrictions.
The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other actions in addition to those required under Swedish law.
The Offer is not being made, directly or indirectly, in or into the United States of America, Australia, Canada, Japan or South Africa, by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, electronic mail, telex, telephone and the internet) of interstate or foreign commerce, or of any facility of national security exchange, of the United States of America, Australia, Canada, Japan or South Africa, and the Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within, the United States of America, Australia, Canada, Japan or South Africa.