EURAMAX INTERNATIONAL, INC. COMPLETES ACQUISITION
OF BERGER HOLDINGS, LTD
NORCROSS, Ga., November 25, 2003.
Euramax International, Inc. announced
today the completion of its previously announced acquisition
of Berger Holdings, Ltd. (Nasdaq: BGRH) (“Berger”)
by the merger of Amerimax Pennsylvania, Inc., an indirect
wholly owned subsidiary of Euramax, into Berger, with
Berger as the surviving corporation. As a result of the
merger, which was effective on November 25, 2003, each
common share of Berger not owned by Euramax or its subsidiaries
or held in treasury by Berger was converted into the
right to receive $3.90 per share in cash, subject to
dissenters’ rights.Amerimax Pennsylvania, Inc.
had previously accepted approximately 92.8% of Berger’s
outstanding common shares pursuant to a tender offer
that expired on November 17, 2003. JPMorgan Chase Bank,
the Paying Agent for the merger, will mail to the remaining
Berger shareholders materials to be used to surrender
share certificates for payment. Berger shareholders are
urged to read these materials in full.
NORCROSS, Ga., November 25, 2003
Euramax is a leading international producer
of aluminum, steel, vinyl and fiberglass products for
original equipment manufacturers, distributors, contractors
and home centers in North America and Western Europe.
Berger Holdings, Ltd. is the parent company of Berger
Building Products, Inc., which was founded in 1874,
and is a manufacturer of a complete line of roof drainage
products specializing in copper as well as residential
and commercial snow guards. All of Berger's products
are used in new construction, remodeling, and renovation
markets.
Euramax International, Inc.
Contact R. Scott Vansant, Chief Financial Officer, 770-449-7066
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