SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 14D-9

 

SOLICITATION/RECOMMENDATION STATEMENT UNDER SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934

 

NEVADA CHEMICALS, INC.

(Name of Subject Company)

 

NEVADA CHEMICALS, INC.

(Name of Person Filing Statement)

 

COMMON STOCK, PAR VALUE $0.001 PER SHARE

(Title of Class of Securities)

 

64127C107 (formerly 603665-20-9)

(CUSIP Number of Common Stock)

 

JOHN T. DAY

President

Nevada Chemicals, Inc.

9149 S. Monroe Plaza Way, Suite B

 Sandy, Utah 84070

 Telephone: (801) 984-0228

(Name, Address and Telephone Number of

 Person Authorized to Receive Notices

 and Communications on Behalf of the

 Person Filing Statement)

 

COPY TO:

KEITH L. POPE, ESQ.

 Parr Waddoups Brown Gee & Loveless

 185 South State Street, Suite 1300

 Salt Lake City, Utah 84111-1537

(801) 532-7840

 

x

 

Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

 

 

 



 

NEVADA CHEMICALS, INC.

NEWS RELEASE

 

FOR IMMEDIATE RELEASE

CONTACT:

 Investor Relations

 John T. Day, President and CEO

Kevin Davis, CFO

 (801) 984-0228

 jtday@nevadachemicals.com

 

NEVADA CHEMICALS, INC. TO BE ACQUIRED

 

Sandy, UT September 5, 2008 — Nevada Chemicals, Inc. (Nasdaq: NCEM) announced that it has signed a definitive agreement to be acquired by Calypso Acquisition Corp., an affiliate of Cyanco Holding Corp. and OCM Principal Opportunities Fund IV, L.P., a fund managed by Oaktree Capital Management, L.P., for $13.37 per share of common stock.  The transaction has been structured as a cash tender offer for 100% of Nevada Chemicals’ outstanding common stock. The offer price represents approximately a 36 percent premium over the closing stock market price of Nevada Chemicals’ common stock on September 5, 2008.  Calypso Acquisition intends to commence the offer within approximately ten business days.  The transaction has been unanimously approved by each company’s board of directors.  Additionally, Nevada Chemicals stockholders who own approximately 41 percent of Nevada Chemicals’ outstanding common shares, in the aggregate, have committed to tender their shares in the tender offer.  Additional details regarding the tender offer and the transaction will be disclosed in tender offer documents that will be filed concurrently with commencement of the tender offer.

 

Additional Information

 

The tender offer described in this release has not yet commenced, and this release is neither an offer to purchase nor a solicitation of an offer to sell securities. At the time the tender offer is commenced, Calypso Acquisition will file a tender offer statement with the United States Securities and Exchange Commission (the “SEC”). Investors and security holders are strongly advised to read the tender offer statement (including the offer to purchase, letter of transmittal and related tender offer documents) that will be filed and the related solicitation/recommendation statement that will be filed by Nevada Chemicals with the SEC, as they will contain important information. These documents will be available at no charge on the SEC’s Internet website at www.sec.gov.  Nevada Chemicals’ stockholders can also obtain free copies of the solicitation/recommendation statement, along with any documents Nevada Chemicals has filed with the SEC, by request to Nevada Chemicals, Inc. at 9149 S. Monroe Plaza Way, Suite B, Sandy, UT 84070, telephone: (801) 984-0228.

 

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