CoorsTek Receives Buy-out Proposal
November 18, 2002
CoorsTek, Inc. recently announced that its board of directors has received an offer from certain members of the Coors family and related trusts to purchase all of CoorsTek's outstanding shares of common stock not already held by them for a price of $21 per share. The board is evaluating the offer and intends shortly to engage financial advisors to assist with the evaluation. While the board plans to evaluate the offer in a timely manner, no definitive time frame has been determined. The board and management have indicated that their review of the offer will be conducted in a manner that will minimize any disruptions to CoorsTek's business operations.
For additional information on CoorsTek, visit http://www.coorstek.com .