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Agfa Extends Tender Offer for Autologic Shares

Friday, November 02, 2001

Press release from the issuing company

MORTSEL, Belgium, Nov. 1 -- Agfa-Gevaert N.V. (AGFB.BRU) and its wholly-owned U.S. subsidiary, Agfa Corporation of Ridgefield Park, NJ, announced today that Agfa Corporation's wholly-owned subsidiary, Autologic Acquisition Corp., has extended its offer to purchase all of the outstanding shares of Autologic Information International, Inc. common stock until 12:00 midnight, New York City time, on Wednesday, November 14, 2001, unless further extended. The offer had previously been scheduled to expire at 12:00 midnight, New York City time, on October 31, 2001. The purpose of the extension is to allow Agfa Corporation and Autologic Acquisition Corp. additional time to complete the lengthy process of obtaining the necessary regulatory approvals from certain governmental authorities in various EU countries prior to closing the offer. The terms of the extended offer are identical to the original offer set forth in the offering materials, including the Offer to Purchase dated October 3, 2001 and the related Letter of Transmittal, filed on October 3, 2001 with the Securities and Exchange Commission as exhibits to Agfa's Tender Offer Statement on Schedule TO, as amended on October 19, 2001. Based on information provided by The Bank of New York, the Depository for the offer, as of 12:00 midnight, New York City time, on October 31, 2001, approximately 5,639,866 shares of Autologic have been validly tendered and not withdrawn (including shares tendered pursuant to guaranteed delivery procedures), representing approximately 97.4% of all outstanding shares. Under the terms of the Agreement and Plan of Merger dated September 25, 2001 among Agfa Corporation, Autologic Acquisition Corp. and Autologic, Autologic Acquisition Corp. is permitted to extend the offer in its sole discretion for one or more individual extension periods, each not to exceed 10 additional business days, if any of the conditions to the offer (including obtaining any required governmental approvals) have not been satisfied or waived and such conditions are still reasonably capable of being satisfied, until such conditions are satisfied or waived. Agfa Corporation expects to close the acquisition within approximately two business days after the expiration of the tender offer, as extended, assuming the requisite number of shares of Autologic common stock are tendered and not withdrawn and other closing conditions are satisfied.

 

 

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