Allegheny Technologies Incorporated (NYSE: ATI) announced that
L. Patrick Hassey, Chairman and Chief Executive Officer, will speak
at the Credit Suisse 2010 Aerospace & Defense Conference in New
York, NY on December 2, 2010. Mr. Hassey’s remarks and presentation
slides will be available live at 11:00 a.m. (ET) on Thursday,
December 2, 2010, on ATI’s website www.ATImetals.com under the
“Investors” tab.
The presentation may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are based on management’s current
expectations and include known and unknown risks, uncertainties and
other factors, many of which we are unable to predict or control,
that may cause our actual results, performance or achievements to
materially differ from those expressed or implied in the
forward-looking statements. Additional information concerning
factors that could cause actual results to differ materially from
those projected in the forward-looking statements is contained in
Allegheny Technologies' filings with the Securities and Exchange
Commission. We assume no duty to update our forward-looking
statements.
Building the World’s Best Specialty Metals Company®
Allegheny Technologies Incorporated is one of the largest and
most diversified specialty metals producers in the world with
revenues of $3.8 billion for the twelve months ending September 30,
2010. ATI has approximately 8,900 full-time employees world-wide
who use innovative technologies to offer global markets a wide
range of specialty metals solutions. Our major markets are
aerospace and defense, oil and gas/chemical process industry,
electrical energy, medical, automotive, food equipment and
appliance, machine and cutting tools, and construction and mining.
Our products include titanium and titanium alloys, nickel-based
alloys and superalloys, grain-oriented electrical steel, stainless
and specialty steels, zirconium, hafnium, and niobium, tungsten
materials, and forgings and castings. The Allegheny Technologies
website is www.ATImetals.com.
Important Information for Investors and Security
Holders
ATI has agreed to acquire Ladish Co., Inc. (“Ladish”) pursuant
to an Agreement and Plan of Merger dated November 16, 2010. This
press release does not and the presentation will not constitute an
offer to sell or the solicitation of an offer to buy any securities
or a solicitation of any vote or approval. ATI will file with the
Securities and Exchange Commission (the “SEC”) a registration
statement on Form S-4 that will include a proxy statement of Ladish
that also constitutes a prospectus of ATI. ATI and Ladish also plan
to file other documents with the SEC regarding the proposed
transaction. A definitive proxy statement/prospectus will be mailed
to shareholders of Ladish.
INVESTORS AND SHAREHOLDERS OF LADISH ARE URGED TO READ THE
PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL BE FILED
WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION.
Investors and security holders of ATI and Ladish may obtain
these documents (and any other documents filed by ATI or Ladish
with the SEC) free of charge at the SEC’s website at www.sec.gov.
In addition, the documents filed with the SEC by ATI may be
obtained free of charge by directing a request to: Allegheny
Technologies Incorporated, 1000 Six PPG Place, Pittsburgh,
Pennsylvania 15222-5479, Attention: Corporate Secretary, or from
ATI’s website at www.atimetals.com. The documents filed with the
SEC by Ladish may be obtained free of charge by directing a request
to: Ladish Co., Inc. 5481 S. Packard Avenue, Cudahy, Wisconsin
53110, Attention: Wayne E. Larsen, Vice President Law/Finance and
Secretary.
ATI, Ladish their respective directors and certain of their
executive officers may be deemed to be participants in the
solicitation of proxies from the shareholders of Ladish in
connection with the proposed transaction. Information about the
directors and executive officers of ATI is set forth in its proxy
statement for its 2010 annual meeting of stockholders, which was
filed with the SEC on April 2, 2010. Information about the
directors and executive officers of Ladish is set forth in its
proxy statement for its 2010 annual meeting of shareholders, which
was filed with the SEC on March 15, 2010.
Other information regarding the participants in the proxy
solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained in
the proxy statement/prospectus and other relevant materials to be
filed with the SEC when they become available.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements contained in the presentation may include
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve a number of risk and uncertainties, and actual
results or events may differ materially from those projected or
implied in those statements. Examples include statements regarding
the parties’ ability to consummate the proposed transaction and
timing thereof, the benefits and impact of the proposed
transaction, including effects on cash flow or earnings, the
combined company’s ability to achieve the synergies and value
creation that are contemplated by the parties, ATI’s ability to
promptly and effectively integrate Ladish’s business, and the
diversion of management time on transaction-related issues.
Additional examples of forward-looking statements include
information concerning ATI’s, Ladish’s or the combined company’s
outlook, anticipated revenues or results of operations, and the
anticipated benefits expected to be realized in connection
therewith, as well as any other statement that does not directly
relate to any historical or current fact.
These forward-looking statements often include words such as
“believe,” “expect,” “project,” “anticipate,” “intend,” “plan,”
“estimate,” “seek,” “will,” “may,” “would,” “should,” “could,”
“forecast” or similar expressions. These statements are based on
certain assumptions that ATI and Ladish have made in light of their
experience in the industry as well as its perceptions of historical
trends, current conditions, expected future developments and other
factors that they believe are appropriate in these circumstances.
ATI and Ladish believe these judgments are reasonable, but you
should understand that no assurances can be given that any of the
events anticipated by the forward-looking statements will transpire
or occur, or if any of them do so, what impact they will have on
the results of operations or financial conditions of ATI, Ladish or
the combined company, due to a variety of important factors, both
positive and negative. Among other items, such factors could
include the ability of the parties to obtain all necessary
regulatory consents to the proposed transaction; the overall
strength and stability of general economic conditions, both in the
United States and in global markets, including the timing and
strength of the current recovery; the effect of significant changes
in the competitive environment, including as a result of industry
consolidation, and the effect of competition in the parties’
respective markets; their ability to achieve cost savings and
efficiencies and realize opportunities to increase productivity and
profitability; their ability to accurately estimate future levels
of business activity and adjust operations accordingly; impact of a
major disruption in their communication or centralized information
networks or payment systems; and changes in the existing, or the
adoption of new, laws, regulations, policies or other activities of
governments, agencies and similar organizations where such actions
may materially affect their operations or the cost thereof.
ATI and Ladish caution you that you should not rely unduly on
these forward-looking statements, which reflect their current
beliefs and are based on information currently available. Neither
ATI nor Ladish undertakes any obligation to update or revise any
forward-looking statements as of any future date. Additional
information concerning these statements and other factors can be
found in ATI’s and Ladish’s filings with the SEC, including the
respective Annual Reports on Form 10-K, the quarterly reports on
Form 10-Q, current reports on Form 8-K and other documents ATI or
Ladish have filed.
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