Exhibit (e)(11)
EMCO LIMITED ANNOUNCES THE EXPIRATION OF THE
HART-SCOTT-RODINO WAITING PERIOD IN CONNECTION
WITH THE TENDER OFFER BY 2022841 ONTARIO INC.
LONDON, Ontario, Canada (March 19, 2003) - Emco Limited (Toronto: EML;
Nasdaq: EMLTF) announced today that the waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired
at midnight, EST, on March 18, 2003. As required by the Hart-Scott-Rodino
Act, notification was filed with U.S. regulatory authorities in connection
with the cash tender offer by 2022841 Ontario Inc., an indirect wholly
owned subsidiary of Blackfriars Corp., for all of the outstanding common
shares of Emco at Cdn.$16.60 per share. Accordingly, Emco has been advised
that the tender offer is no longer conditional on the expiration or
termination of the waiting period under the Hart-Scott-Rodino Act.
The tender offer and related withdrawal rights are currently scheduled to
expire on Monday, April 7, 2003, at 8:00 P.M., EST, unless the offer is
extended. The tender offer is also subject to the other conditions as set
out in the tender offer materials.
Copies of the tender offer materials can be obtained in Canada from Scotia
Capital Inc., the dealer manager for the tender offer in Canada, at
416-945-4599 and in the U.S. from MacKenzie Partners, Inc., the information
agent for the tender offer, at 1-800-322-2885. Copies of the tender offer
materials have also been filed with the Canadian securities regulatory
authorities and with the U.S. Securities and Exchange Commission. Investors
and security holders may obtain a copy of the tender offer materials and
related documents filed by Blackfriars and Emco with the CSA at
www.sedar.com or with the SEC at www.sec.gov.
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Emco Limited is one of Canada's leading distributors and manufacturers of
building products for the residential, commercial and industrial
construction markets.
For further information please contact:
Gordon E. Currie Daniel J. Boyd
Vice President, Treasurer & CFO Director, Investor Relations & Tax
(519) 645-3905 (519) 645-3911
This press release is for informational purposes only. The solicitation of
offers to sell Emco Limited common shares is only being made pursuant to
the offer to purchase and related tender offer materials that 2022841
Ontario Inc. and Blackfriars Corp. have filed with the SEC and sent to Emco
shareholders. This communication shall not constitute an offer to purchase
or a solicitation of an offer to sell Emco shares.