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Williams Scotsman International, Inc. Announces Completion of Merger with a Subsidiary of the Parent of Algeco and Completion of Redemption of Senior Notes of Williams Scotsman, Inc.
BALTIMORE, MD, October 31, 2007 - Williams Scotsman International, Inc. (NASDAQ: WLSC) announced today the consummation of the previously announced merger of Ristretto Acquisition Corp., a wholly-owned subsidiary of Ristretto Group S.a.r.l. (the parent company of Algeco), with and into Williams Scotsman International, Inc., with Williams Scotsman International, Inc. being the surviving corporation. The merger was completed pursuant to the Agreement and Plan of Merger, dated as of July 18, 2007, by and among Ristretto Group S.a.r.l., Ristretto Acquisition Corp., Ristretto Holdings SCA and Williams Scotsman International, Inc. As a result of the merger, the former stockholders of Williams Scotsman International, Inc. are entitled to receive $28.25 per share of Williams Scotsman International, Inc. common stock in cash without interest.
Williams Scotsman International, Inc. also announced today that its wholly-owned subsidiary, Williams Scotsman, Inc., has completed the previously announced redemption of all of its outstanding 81 2% Senior Notes Due 2015 (CUSIP Number US96949VAK98). In accordance with the terms of the indenture governing the notes, the outstanding aggregate principal amount of $450 million was redeemed for a total of approximately $518 million in cash, which includes an early redemption premium and accrued interest.
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Official Release in pdf
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