Farnham, Quebec, Aug. 11--Tarkett Sommer announced today that 4158148 Canada Inc. (the "Offeror"), an indirect subsidiary of Tarkett Sommer, has extended to 11:59 p.m. (Montreal time) on Thursday, August 21, 2003, the expiration time for its July 4, 2003 offer (the "Offer") to acquire all of the outstanding common shares (the "Common Shares") of Domco Tarkett, other than the Common Shares already held by the Offeror and its affiliates.
The initial expiration time for the Offer was 11:59 p.m. (Montreal time) on
August 8, 2003.
A formal notice of extension of the Offer is expected to be mailed to Domco Tarkett's shareholders on Monday, August 11, 2003.
Tarkett Sommer indicated that 3,403,336 Common Shares, or approximately 50.42 % of the Common Shares not already held by Tarkett Sommer and its affiliates, had been tendered pursuant to the offer as of the initial expiration time and that the Offeror has given notice to the Depositary to take up and pay for all of such Common Shares validly deposited and not withdrawn at the initial Expiry Time. After having taken-up and paid for the Common Shares tendered pursuant to the Offer as of the initial Expiry Time (August 8, 2003), Tarkett will hold indirectly a total of 22 319 868 Common
Shares representing approximately 86.96 % of Domco Tarkett's total outstanding Common Shares.
In its circular dated July 15, 2003, Domco Tarkett's Board of Directors recommended, in accordance with the Special Committee's recommendation, that the shareholders accept the Offer which was also deemed fair from a financial point of view by the Special Committee's financial advisor.
