Keystone North America Inc. announces certain matters related to the
take-over bid by SCI Alliance Acquisition Corporation and filing of annual
materials
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
TORONTO, March 26 /CNW/ - Keystone North America Inc. (TSX:KNA and KNA.UN) ("Keystone") announced today that:
- SCI Alliance Acquisition Corporation, a wholly-owned subsidiary of Service Corporation International, has taken-up 23,748,302 shares, representing approximately 91.49% of the outstanding common shares of Keystone, under its offer to purchase all of the issued and outstanding common shares of Keystone; - Keystone has given notice that its 14.5% subordinated notes due 2017 will be redeemed on April 26, 2010; - Keystone has repaid the outstanding amounts under, and terminated, the senior credit facilities of its wholly-owned subsidiary, Keystone America, Inc.; and - Keystone has filed with Canadian securities regulatory authorities its audited annual financial statements for the year ended December 31, 2009, the corresponding management's discussion and analysis, and Keystone's annual information form (all of which are available for review on SEDAR at www.sedar.com).
%SEDAR: 00021578E
For further information: Steven A. Tidwell, Chief Executive Officer, (813) 225-4653, [email protected] or please visit our investor website at http://www.keystonenorthamerica.ca/
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