Paul Hastings Represents Habasit Holding AG in Tender Offer to Acquire Summa Industries
Atlanta, GA (September 1, 2006) - Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, is representing Habasit Holding AG, a privately held Swiss company in connection with its tender offer to acquire all of the outstanding shares of Summa Industries (NASDAQ: SUMX). The transaction, announced on September 1, 2006, is valued in excess of $80 million including assumption of indebtedness.
Under the transaction, a wholly-owned subsidiary of Habasit is offering to acquire Summa Industries via a cash tender offer of $15.00 per share for all outstanding shares of Summa common stock.
The Paul Hastings team, led by Atlanta partner Wayne Bradley, also included partners Elizabeth Noe, Philip Marzetti, Bruce Ryan, Eric Keller and Lisa Rushton, and associates Sam Snider, Martha Kelley, Jay Rodriguez, John Collins, Julie Kwok, Gayle Goldman, Farrah Short and Kevin Welsh.
About Habasit Holding AG: Habasit Holding AG is a leading global producer of high quality conveyor belts and power transmission belts with its U.S. headquarters in Suwanee, Georgia.
About Paul Hastings Corporate Department: Teams of Paul Hastings' corporate attorneys provide clients with the sophisticated, cross-border legal and business expertise they need to finance and operate companies. The firm's Securities and Capital Markets, M&A, Lending, Project Finance, Private Equity, Investment Management and Securitization practices are nationally and internationally ranked.Paul Hastings' attorneys are experienced in every aspect of modern transactional practice in virtually every industry and service sector. Clients include major financial institutions, domestic, international, public and private companies.
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