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Related Companies and KSW
KSW today announced
that Related Companies' indirect wholly-owned subsidiary, Kool
Acquisition Corporation ("Purchaser"), has successfully completed its
cash tender offer for all of the outstanding shares of common stock
of KSW.
The tender offer expired as scheduled at 12:00 midnight, New York
City time, on October 10, 2012, and was not extended. The depositary
for the tender offer has advised that as of the expiration time,
approximately 3,962,679 shares of KSW common stock (excluding 14,938
shares subject to notices of guaranteed delivery) were validly
tendered and not properly withdrawn, representing approximately
62.05% of the outstanding shares of common stock of KSW on a fully
diluted basis. All shares that have been validly tendered and not
properly withdrawn have been accepted for purchase, and payment for
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