Green A P Industries Inc – ‘SC 14D9/A’ on 6/15/98 re: Green A P Industries Inc – EX-13

As of:  Monday, 6/15/98   ·   Accession #:  950131-98-3870   ·   File #:  5-39125

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Amendment to Tender-Offer Solicitation/Recommendation Statement   —   Schedule 14D-9
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 14D9/A   A.P. Green Industries, Inc.                            3     15K 
 2: EX-13       Press Release, Dated June 12,1998                      2±     8K 

EX-13   —   Press Release, Dated June 12,1998

EX-13
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                                                                    EXHIBIT 13

[GLOBAL INDUSTRIAL TECHNOLOGIES, INC. LOGO] 

FOR IMMEDIATE RELEASE                                                           
INVESTOR CONTACT: GEORGE PASLEY                      MEDIA CONTACT: LARRY NANCE 
V.P. COMMUNICATIONS                 MANAGER, CORPORATE RELATIONS/PUBLIC AFFAIRS 
214-953-4510                                                       214-953-4518 
WEB SITE: PRNEWSWIRE.COM/GIX                                                    

GLOBAL INDUSTRIAL TECHNOLOGIES EXTENDS ITS  
TENDER OFFER FOR A. P. GREEN INDUSTRIES 

DALLAS, TEXAS (JUNE 12, 1998)--Global Industrial Technologies, Inc. (NYSE: GIX) 
announced today that its cash tender offer for all of the outstanding shares    
of common stock of A. P. Green Industries, Inc. (NYSE: APK) has been extended   
to 5:00 p.m., ET, on Friday, June 26, 1998.                                     

Global announced that it has been advised by Harris Trust and Savings Bank,     
the Depositary for the tender offer, that as of 5:00 p.m., ET, on Thursday,     
June 11, 1998, approximately 6.7 million shares of common stock of A. P. Green  
had been validly tendered and not withdrawn, representing approximately 83% of  
the outstanding shares of common stock of A. P. Green.                          

Global previously announced that it received a request for additional           
information from the Federal Trade Commission on March 31, 1998. To resolve     
concerns raised by the Staff of the Commission relating to the supply of silica 
refractory materials, Global has made a proposal to the Commission pursuant to  
which Global would agree to sell, on terms that would be subject to prior       
Commission approval, the A. P. Green silica refractory materials business,      
including A. P. Green's silica refractory materials plant in Lehi, Utah. Under  
Global's proposal, Global would be able to close its tender offer for A. P.     
Green shares and sell the silica refractory materials business later (with      
customary provisions in the event Global cannot sell the silica refractory      
materials business in the time and on the terms that would be specified).       
Although Global believes that the Commission will find its proposal acceptable, 
the Commission must review the proposal and decide whether to accept it, and    
there can be no assurance that Commission approval will be granted. Global      
understands that Commission review will occur over the next few weeks.          

#  #  # 

Statements the Company may publish, including those in this announcement, that  
are not strictly historical are "forward-looking" statements under the safe     
harbor provisions of the Private Securities Litigation Reform Act of 1995.      
Although the Company believes the expectations reflected in such forward-       
looking statements are based on reasonable assumptions, it can give no          
assurance that its expectations will be realized. Forward-looking statements    
involve known and unknown risks which may cause the Company's actual results    
and corporate developments to differ materially from those expected. Factors    
that could cause results and developments to differ materially from the         
Company's expectations include, without limitation, changes in manufacturing    
and shipment schedules, delays in completing plant construction and             
acquisitions, currency exchange rates, new product and technology               
developments, competition within each business segment, cyclicity of the        
markets for the products of a major segment, litigation, significant cost       
variances, the effects of acquisitions and divestitures, and other risks        
described from time to time in the Company's SEC reports including quarterly    
reports on Form 10-Q, annual reports on Form 10-K and reports on Form 8-K.      

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 14D9/A’ Filing		Date		Other Filings
		6/26/98		SC 14D1/A
Filed on:		6/15/98		SC 13G/A
		6/12/98		SC 14D1/A
		6/11/98
		3/31/98		10-K,  10-Q
				List all Filings