Item 8.01. Other Events.
On October 25, 2007, Kaiser Group Holdings,
Inc. (the Company) filed a transaction statement on Schedule 13E-3 (the Schedule
13E-3) announcing an offer to purchase (the Offer) for cash all shares of
common stock held by stockholders of the Company owning (beneficially or of
record) fewer than 100 shares, as of the close of business on October 22, 2007
and who continue to hold such shares through the expiration date of the Offer.
The Company today announces that the expiration date of the Offer has been
extended to 5:00 p.m., New York City time, on Wednesday, December 12, 2007,
unless earlier terminated or further extended. The Offer had been scheduled to
expire at 5:00 p.m., New York City time, on Friday, November 30, 2007.
As of November 28, 2007, the
Company has received tenders of approximately 1,713 shares of common stock from
approximately 126 record and beneficial holders eligible to participate in the
Offer.
The Company will pay $29.80
for each share properly tendered by an eligible stockholder. This price is
equal to the highest closing price for the Companys common stock reported in
the 90-day period prior to October 25, 2007.
The Offer is not conditioned
on the receipt of any minimum number of tenders.
If, after completion of the
Offer, the Company has fewer than 300 stockholders of record, the Company may
terminate the registration of its common stock under the Securities Exchange Act
of 1934, as amended. If that occurs, the Company will no longer file periodic
reports with the Securities and Exchange Commission (the Commission),
including annual reports on Form 10-K and quarterly reports on Form 10-Q, and
will not be subject to the Commissions proxy rules.
On November 30, 2007, the
Company filed an amendment to the Schedule 13E-3 amending certain information
set forth in the Companys offer to purchase, dated October 25, 2007, relating
to the Offer. Please refer to such
filing to review such information.
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