Smith Investment, A.O. Smith to hold special meetings for merger approval

By Jennifer Chiou

New York, March 12 - Smith Investment Co. and A.O. Smith Corp. announced that they will hold special stockholders' meetings to vote on the approval of the companies' merger agreement.

A.O. Smith's meeting will be held at 11:30 a.m. ET on April 14 in Tipp City, Ohio, while Smith Investment's meeting is set for 10:30 a.m. ET on April 16 in Milwaukee.

On Jan. 20, Smith Investment completed the spinoff to its shareholders of the company's assets and liabilities other than its shares of A.O. Smith.

According to Smith Investment, its stockholders will receive one membership unit in Smith Investment Co. LLC, a limited liability company formed for purposes of the spinoff, for each share of Smith Investment common stock held as of Dec. 22.

The spinoff is to facilitate the proposed merger of Smith Investment, A.O. Smith's largest shareholder, and an A.O. Smith subsidiary first announced in December, Smith Investment previously said.

Under the companies' merger agreement, Smith Investment shareholders will receive 2.396 shares of A.O. Smith class A common stock and 0.463 of a share of A.O. Smith common stock for each share of Smith Investment stock they hold, it was previously reported.

Milwaukee-based A.O. Smith manufactures residential and commercial water heating equipment.

Smith Investment, also based in Milwaukee, provides multicolor printing and related services and commercial warehousing, trucking and packaging.

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