Cascal N.V. (HOO) Announces Plans to Delist from NYSE
Cascal N.V. (NYSE: HOO) announced today that it has notified the New York Stock Exchange of its intent to voluntarily delist its common shares from the NYSE, and that it intends to deregister its common shares under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and suspend its obligations to file reports with the Securities and Exchange Commission ("SEC").
As previously disclosed in connection with Sembcorp Utilities Pte Ltd.'s ("Sembcorp") bid for all of the issued and outstanding common shares of the Company, Sembcorp intended, subject to and in accordance with applicable laws, to cause the Company to (1) delist its common shares from the NYSE, (2) suspend its obligation to file reports under the Exchange Act, pending termination of registration of its common shares under the Exchange Act and (3) terminate the registration of its common shares under the Exchange Act. Accordingly, the Company's Board of Directors resolved to delist and deregister.
The Company anticipates that it will file with the SEC a Form 25 relating to the delisting of its common shares on or about July 26, 2010, with the delisting of its common shares to be effective ten days thereafter. Accordingly, the Company anticipates that the last day of trading of its common shares on the NYSE will be Friday, August 6, 2010.(1)
On the effective date of the delisting, the Company plans to file a Form 15 to deregister its common shares under Section 12 of the Exchange Act. It is eligible to delist and deregister because it has fewer than 300 record holders of its common shares. Upon the filing of the Form 15, the Company's obligation to file certain reports with the SEC, including Forms 20-F and 6-K, would immediately be suspended. The Company expects that the deregistration of its common shares would become effective 90 days after the date the Form 15 is filed with the SEC.
As previously disclosed in connection with Sembcorp Utilities Pte Ltd.'s ("Sembcorp") bid for all of the issued and outstanding common shares of the Company, Sembcorp intended, subject to and in accordance with applicable laws, to cause the Company to (1) delist its common shares from the NYSE, (2) suspend its obligation to file reports under the Exchange Act, pending termination of registration of its common shares under the Exchange Act and (3) terminate the registration of its common shares under the Exchange Act. Accordingly, the Company's Board of Directors resolved to delist and deregister.
The Company anticipates that it will file with the SEC a Form 25 relating to the delisting of its common shares on or about July 26, 2010, with the delisting of its common shares to be effective ten days thereafter. Accordingly, the Company anticipates that the last day of trading of its common shares on the NYSE will be Friday, August 6, 2010.(1)
On the effective date of the delisting, the Company plans to file a Form 15 to deregister its common shares under Section 12 of the Exchange Act. It is eligible to delist and deregister because it has fewer than 300 record holders of its common shares. Upon the filing of the Form 15, the Company's obligation to file certain reports with the SEC, including Forms 20-F and 6-K, would immediately be suspended. The Company expects that the deregistration of its common shares would become effective 90 days after the date the Form 15 is filed with the SEC.
You May Also Be Interested In
- Auxilium (AUXL) Files Suit Against Watson (WPI) Over Testim 1% Gel
- Dynasil (DYSL) Shares Rocket Higher Following News of Tech Deal with Mayo Clinic
- BlackRock (BLK) Substantially Boosts Stake in Chesapeake (CHK) -CNBC's Kelly
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
