Extension of Offer Period for Benckiser Merger
Reckitt & Colman PLC
17 November 1999
Not for release, publication or distribution, in whole or
in part, in or into the United States, Canada, Australia
or Japan.
Proposed merger of Reckitt & Colman and Benckiser
Extension of Offer Period
Reckitt & Colman plc and Benckiser NV announce that very
significant progress has been made with regard to the
U.S. competition approval process, which is the only
remaining regulatory consent required to effect the
proposed merger between the two companies. In
particular, agreement has been reached with the Staff of
the Bureau of Competition of the Federal Trade Commission
(FTC) on terms of a consent decree which relates to two
non-core brands in the U.S., Delicare and Scrub Free.
Contracts for sale related to these two brands have
already been exchanged. The FTC Staff have forwarded
this consent decree and related materials to the
Commissioners for their review. The Commissioners'
review is expected to be completed within the next two
weeks.
Therefore, the closing date of the Offer by Reckitt
Benckiser Holdings B.V., a subsidiary of Reckitt &
Colman, for Benckiser B shares has been further extended
from 17 November 1999 until 10 December 1999 pending
final review by the Commissioners of the FTC.
A further announcement will be made as soon as it is
clear when completion of the merger can take place.
Although the Offer has been extended until 10 December
1999, the Offer Period may be closed on three days'
notice by Reckitt Benckiser Holdings B.V. by an
announcement to that effect.
For further information
David Saltmarsh 44 1753 746676
Company Secretary
Reckitt & Colman plc
Tom Corran
SVP Corporate Communications 31 20 405 7534
Benckiser N.V.
Bobby Leach 44 171 905 2537
Shandwick
This announcement and related materials relate to the
Offer and are not an extension of a tender offer in the
United States or to any US person for any class of equity
securities in Benckiser. The Offer will not be made,
directly or indirectly, in, or by use of any means of
instrumentality of interstate commerce or of the mails,
or of any facility of any national securities exchange
of, the United States (including its possessions or
territories, any area subject to its jurisdiction and any
political subdivision thereof) or to any US person and
cannot be accepted by any such use or otherwise from
within the United States or by any US person. Any
purported acceptance of the Offer involving, directly or
indirectly, any such means, instrumentality, mails or
facility or otherwise from within the United States or by
any US person will be deemed invalid.
None of the securities offered as consideration will be
registered under the United States Securities Act of
1933, as amended (the 'Act'). Accordingly, such
securities may not be offered, sold or delivered in the
United States or to US persons, unless an exemption from
the registration requirements of the Act is available.
This announcement and related materials do not constitute
an offer of Reckitt & Colman Shares.
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