Northwest Pipe Company Announces Expiration of Rights Agreement
July 12 2019 - 4:28PM
Northwest Pipe Company (Nasdaq: NWPX), an industry leader of
engineered welded steel pipe products for the water transmission
market, announced today that its Shareholder Rights Agreement has
expired in accordance with its terms and is of no further force or
effect. The related Preferred Stock Purchase Rights (the “Rights”)
distributed to holders of the Company’s common stock pursuant to
the Rights Agreement expired upon the expiration of the Rights
Agreement.
In connection with the expiration of the Rights
Agreement, the Company will be taking routine actions to
voluntarily deregister the Rights under the Securities Exchange Act
of 1934, as amended (the “Exchange Act”) and to delist the Rights
from the Nasdaq Global Select Stock Market (“Nasdaq”). These
actions are administrative in nature and will have no effect on the
Company’s common stock, which continues to be listed on Nasdaq and
registered under the Exchange Act.
About Northwest Pipe
Company – Founded in 1966, Northwest Pipe Company is
the largest manufacturer of engineered welded steel pipe water
systems in North America. The Company produces high-quality
engineered steel water pipe, bar-wrapped concrete cylinder pipe,
Permalok® steel casing, T‑Lock® and Arrow‑Lock® PVC liners, as well
as custom linings, coatings, joints, and one of the largest
offering of fittings and specialized components in North America.
Northwest Pipe Company provides solution-based products for a wide
range of markets including water transmission, water and wastewater
plant piping, trenchless technology, and piping rehabilitation.
Strategically positioned to meet growing water and wastewater
infrastructure needs, the Company is headquartered in Vancouver,
Washington, and has manufacturing facilities across North America.
Please visit www.nwpipe.com for more information.
Contact:
Robin Gantt
Chief Financial Officer
Northwest Pipe Company
360-397-6325 • rgantt@nwpipe.com
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