Velcro Industries begins tender offer for its shares

By Lisa Kerner

Charlotte, N.C., Oct. 1 - Velcro Industries NV began a cash tender offer to purchase all outstanding shares of its common stock for $21 per share.

The offer is slated to end at 5 p.m. ET on Nov. 5, according to a company news release.

Velcro did not condition the offer on a total minimum number of shares being tendered.

Velcro Industries, based in Curacao, Netherlands Antilles, is the holding company for the Velcro companies, which manufacture hook and loop fasteners.

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