Exhibit (a)(1)(P)
SCHUFF ACQUISITION CORP. FURTHER EXTENDS
EXPIRATION DATE OF TENDER OFFER FOR SCHUFF INTERNATIONAL
Phoenix, Arizona (June 24, 2004)– Schuff Acquistion Corp., an entity to be wholly owned by David A. Schuff, Chairman of the Board of Schuff International, Inc., Scott A. Schuff, President and Chief Executive Officer of Schuff International, and their affiliates, announced today that has further extended the expiration date of the tender offer to purchase all of the outstanding shares of Schuff International, Inc. for $2.30 per share. The Offer, as extended, was previously scheduled to expire at 5 p.m., Denver time, on Thursday June 24, 2004. The new expiration date is 5 p.m., Denver time, on Thursday July 29, 2004. As a consequence of the extension of the expiration date, Schuff International’s stockholders may tender or withdraw their shares until 5 p.m., Denver time on Thursday July 29, 2004, unless the Offer is further extended.
Schuff Acquisition Corp. believes that a substantial number of the minority stockholders of Schuff International may have received certain tender offer materials towards the end of the Offer Period, and believes that this additional extension will provide time for those stockholders to consider the Offer. SAC continues to believe that the Offer and the Merger are both financially and procedurally fair to Schuff International stockholders who are not affiliated with the Schuff family and their affiliates. Schuff Acquisition Corp. has engaged Georgeson Shareholder Communications, Inc. as Information Agent related to the Offer.
Schuff Acquisition Corp. has been advised by Computershare Trust Company, Inc., the depositary for the Offer, that as of 5:00 p.m. on Thursday June 24, 2004, Schuff International stockholders had tendered and not withdrawn 845,532 shares pursuant to the Offer. These shares, together with the shares already owned by Schuff Acquisition Corp., represent approximately 83 percent of Schuff International’s outstanding common stock (and approximately 38 percent of the shares not owned by Schuff Acquisition Corp. and the executive officers and directors of Schuff International).
The Offer is being made pursuant to, and the foregoing announcement is qualified in its entirety by reference to the Offer to Purchase dated April 30, 2004, as amended, the Supplement to the Offer to Purchase dated May 14, 2004, and the related Letter of Transmittal. Schuff International stockholders should read the Offer to Purchase, the Supplement to the Offer to Purchase, and the Letter of Transmittal in their entirety before any decision is made with respect to the Offer. Schuff International stockholders may obtain such documents free of charge at the SEC’s web site, www.sec.gov.
Questions and requests for additional copies of the Offer to Purchase, the Supplement to the Offer to Purchase, the Letter of Transmittal, and any amendments to the tender offer materials filed with the Securities and Exchange Commission and related materials may be directed to Georgeson Shareholder Communications, Inc. at 800-248-7690, the Information Agent with respect to the Offer.
