American Securities' $38-per-share offer for GenTek ends Oct. 27

By Lisa Kerner

Charlotte, N.C., Sept. 29 - American Securities LLC affiliate ASP GT Acquisition Corp. began its $38-per-share tender offer for all of the outstanding shares of GenTek Inc.

The offer will end at midnight ET on Oct. 27, according to an American Securities news release.

BNY Mellon Shareowner Services is the depositary for the offer. The dealer manager is KeyBanc Capital Markets Inc., and the information agent is MacKenzie Partners, Inc. (800 322-2885).

On Monday, GenTek announced it agreed to be acquired by ASP, a wholly owned subsidiary of investment funds managed by American Securities, in a deal valued at $673 million including the assumption of debt.

As previously reported, the board of directors of GenTek recommended that shareholders tender their shares in the offer.

GenTek is a Parsippany, N.J., manufacturer of industrial components and performance chemicals.

American Securities is a private equity firm with offices in New York and Shanghai.

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