I’m unable to sell my FSIN position. I already tried 2 times a market-on-open trade, last time (monday morning) I also send a “trouble ticket” to report the problem, but no solution so far.[LINKSYSTEM_77708555]
Apparently FSIN is no longer available on the market. I entered a market-on-open sell order of my position on Dec. 24, which was not executed on C2. Now the position is still in my portfolio and I’m unable to enter a close order. Could this be rectified please? Thanks.
Fushi Copperweld Completes “Going Private” Transaction
PR Newswire
BEIJING, Dec. 27, 2012
BEIJING, Dec. 27, 2012 /PRNewswire/ – Fushi Copperweld, Inc. (“Fushi” or the
"Company") (NASDAQ: FSIN) announced today the completion of the transaction
contemplated by the Agreement and Plan of Merger dated as of June 28, 2012
(the “Merger Agreement”), among the Company, Green Dynasty Limited (“Green
Dynasty”), Green Dynasty Acquisition, Inc. (“Merger Sub”), and Green Dynasty
Holdings Limited, pursuant to which the Company became a wholly-owned
subsidiary of Green Dynasty, an entity affiliated with Mr. Li Fu, the
Company’s Chairman and Co-Chief Executive Officer.
Fushi’s stockholders are entitled to receive $9.50 in cash for each share of
Fushi common stock that they held immediately prior to the effective time of
the merger. Holders of stock certificates will receive letters of transmittal
with instructions on how to deliver their shares of common stock to the paying
agent. Stockholders who held shares of Fushi common stock through a bank or
broker will not have to take any action to receive cash for their shares, as
such payments will be handled by the bank or broker.
As a result of the merger, Fushi is now a privately-held company. As
previously announced, trading of the Company’s common stock on the NASDAQ
Global Select Market will be suspended immediately prior to the opening of
trading on December 27, 2012 and NASDAQ has filed a notification of removal of
listing and registration on Form 25 with the Securities and Exchange
Commission (“SEC”) with respect to Fushi’s common stock. The Company intends
to deregister its common stock and to suspend its reporting obligations under
the Securities Exchange Act of 1934, as amended, by promptly filing a Form 15
with the SEC.
About Fushi Copperweld
Fushi Copperweld, Inc., through its wholly owned subsidiaries, Fushi
International (Dalian) Bimetallic Cable Co. Ltd., and Copperweld Bimetallics
LLC, is the leading manufacturer and innovator of copper-clad bimetallic
engineered conductor products for electrical, telecommunications,
transportation, utilities and industrial applications. With extensive design
and production capabilities, and a long-standing dedication to customer
service, Fushi Copperweld is the preferred choice for bimetallic products
worldwide.
Safe Harbor Statement
This press release may include certain statements that are not descriptions of
historical facts, but are forward-looking statements. Forward-looking
statements can be identified by the use of forward-looking terminology such as
"will," “believes,” “expects” or similar expressions. All statements that
address events or developments that we expect or anticipate will occur in the
future â including statements relating to the expected timetable for
completing the proposed transaction and the ability of the Company to obtain
the approvals required to consummate the transaction â are forward-looking
statements. These forward-looking statements may also include statements about
our proposed discussions related to our business or growth strategy, which is
subject to change. Such information is based upon expectations of our
management that were reasonable when made but may prove to be incorrect. All
of such assumptions are inherently subject to uncertainties and contingencies
beyond our control and upon assumptions with respect to future business
decisions, which are subject to change. We do not undertake to update the
forward-looking statements contained in this press release. For a description
of the risks and uncertainties that may cause actual results to differ from
the forward-looking statements contained in this press release, see our most
recent Annual Report filed with the Securities and Exchange Commission (SEC)
on Form 10-K, and our subsequent SEC filings. Copies of filings made with the
SEC are available through the SEC’s electronic data gathering analysis
retrieval system (EDGAR) at www.sec.gov.
For investor inquiries, please contact:
Jolin Qiao, Investor Relations Officer
Fushi Copperweld Inc.
Phone +1.615.377.4183
E-mail: ir@fushicopperweld.com
Web: www.fushicopperweld.com
SOURCE Fushi Copperweld, Inc.
Website: http://www.fushicopperweld.com[LINKSYSTEM_77708555]
