Brinker International Increases Purchase Price and Extends Expiration of Tender Offer
27 Settembre 2006 - 12:00AM
PR Newswire (US)
DALLAS, Sept. 26 /PRNewswire-FirstCall/ -- Brinker International,
Inc. (NYSE:EAT) announced today that it is increasing the purchase
price and decreasing the number of shares sought in its previously
announced modified "Dutch auction" tender offer. Brinker is now
offering to purchase up to 11,250,000 shares of its outstanding
common stock at a price per share not greater than $40.00 and not
less than $35.25, for a maximum aggregate purchase price of $450
million. The company is extending the expiration date of the tender
offer to midnight, Eastern Time, on Oct. 11, 2006. Under the terms
of the tender offer, Brinker reserves the right to further extend
the period of time the offer is open by notice to the depositary
and making a public announcement of such extension. All
shareholders will be receiving a new Letter of Transmittal.
Shareholders who have already tendered shares and indicated that
they would accept the final price determined by the company in the
tender offer, and do not wish to change that direction, do not need
to take any action in response to the extension. Shareholders who
have already tendered shares at a specified price must deliver a
new Letter of Transmittal to the depositary. As of 5 p.m. Eastern
Time, on Sept. 25, 2006, a total of 3,569 shares of common stock
have been deposited under the tender offer, including shares
subject to guaranteed delivery. This press release is for
informational purposes only and is not an offer to buy or the
solicitation of an offer to sell any shares of the company's common
stock. The solicitation of offers to buy the company's common stock
is being made only pursuant to the Offer to Purchase, dated Aug.
29, 2006 and the related letter of transmittal distributed by the
company to its shareholders and filed with the Securities and
Exchange Commission. Shareholders should read those materials
carefully because they will contain important information,
including the various terms and conditions to the tender offer.
Shareholders may obtain copies of the Offer to Purchase, related
materials filed by the company as part of the statement on Schedule
"TO" and other documents filed with the Securities and Exchange
Commission through the Commission's internet address at
http://www.sec.gov/ without charge when these documents become
available. Shareholders and investors may also obtain a copy of
these documents, as well as any other documents the company has
filed with the Securities and Exchange Commission, without charge,
from the company or at the Investor Relations section of the
company's website: http://www.brinker.com/ . Shareholders are urged
to carefully read these materials prior to making any decision with
respect to the offer. Shareholders and investors who have questions
or need assistance may call D. F. King at (800) 578-5378 (toll
free) or (212) 269-5550 (collect). At the end of fiscal year 2006,
Brinker International either owned, operated, or franchised 1,622
restaurants under the names Chili's Grill & Bar (1,200 units),
Romano's Macaroni Grill (241 units), Maggiano's Little Italy (37
units), and On The Border Mexican Grill & Cantina (144 units).
The statements contained in this release that are not historical
facts are forward-looking statements. These forward-looking
statements involve risks and uncertainties and, consequently, could
be affected by general business and economic conditions, the impact
of competition, the impact of acquisitions and divestitures, the
seasonality of the company's business, adverse weather conditions,
future commodity prices, fuel and utility costs and availability,
terrorists acts, consumer perception of food safety, changes in
consumer taste, health epidemics or pandemics, changes in
demographic trends, availability of employees, unfavorable
publicity, the company's ability to meet its growth plan, acts of
God, governmental regulations, and inflation. Contacts: Media
Relations Laura Conn, Investor Relations (800) 775-7290 (972)
770-5810 DATASOURCE: Brinker International, Inc. CONTACT: Media
Relations, +1-800-775-7290, or Laura Conn, Investor Relations,
+1-972-770-5810, both of Brinker International, Inc. Web site:
http://www.brinker.com/
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