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Myers Industries: No indication GS Capital won't close deal


Published : Fri, 30 Nov 2007 20:42
By : Agencies
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SAN FRANCISCO (Thomson Financial) - Myers Industries Inc. said Friday it hasn't received any indication from GS Capital that it doesn't plan to close its acquisition of Myers in the fourth quarter.

Akron, Ohio-based Myers, a maker of polymer products, said it is issuing its statement 'in response to certain rumors in the market.'

Myers agreed to be acquired by GS Capital Partners, an affiliate of Goldman Sachs, for $22.50 a share in a deal valued at roughly $1.1 billion, including debt.

Myers added that it is continuing to work with GS Capital to close the deal.

Shares of Myers rose 10.7% to $20.

Gabriel Madway

gm/jw

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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