Coast Distribution Board Meets to Consider Announcement Made by Bell Industries
2005年12月20日 - 11:09PM
PRニュース・ワイアー (英語)
MORGAN HILL, Calif., Dec. 20 /PRNewswire-FirstCall/ -- The Coast
Distribution System, Inc. (AMEX:CRV) today announced that its Board
of Directors held a special meeting to consider the unsolicited
proposal publicly disclosed by Bell Industries on the morning of
December 15, 2005, and received by Coast Distribution late that
day. Although the Board discussed the proposal, it decided not to
take any action until it selects and retains an investment banking
firm to support the Board in its deliberative process. The Company
cautions its stockholders, and others that may consider trading in
the Company's shares, that the Board has just begun this process;
no decisions have been made by the Board with respect to the
Company's response, if any, to Bell's proposal; and the Board will
proceed in a timely and orderly manner to consider the proposal and
its implications. The Company does not intend to comment on the
proposal until it completes its review and will not speculate as to
any future course of action it might take. About The Coast
Distribution System The Coast Distribution System, Inc.
(http://www.coastdistribution.com/ ) is one of the leading
suppliers of parts, accessories and supplies for recreational
vehicles (RVs) and pleasure boats in the U.S. and Canada. Coast
supplies its products to its 15,000 customers through 17
distribution centers throughout the U.S. and Canada. Coast is
publicly traded on the American Stock Exchange under the ticker
symbol CRV. Additional Information and Where to Find It In the
event that Bell Industries attempts to pursue the transaction
contemplated by its proposal, investors and security holders are
urged to read the disclosure documents regarding such transaction
when they become available, because they would contain important
information. If Bell Industries pursues a transaction, investors
and security holders may obtain a free copy of the disclosure
documents (when they are available) and other documents filed by
Bell Industries and The Coast Distribution System with the
Commission at the SEC's website at http://www.sec.gov/ . The
disclosure documents and these other documents may also be obtained
for free from Coast Distribution by directing a request to 350
Woodview Avenue, Morgan Hill, CA 95037 at (408) 782-6686. Detailed
information regarding the names of the directors and executive
officers of The Coast Distribution System is available in its proxy
statement filed with SEC by Coast Distribution on July 27, 2005.
DATASOURCE: The Coast Distribution System, Inc. CONTACT: Sandra
Knell, CFO of The Coast Distribution System, Inc., +1-408-782-6686,
; or Jeff Lambert or Ryan McGrath of Lambert, Edwards &
Associates, Inc., +1-616-233-0500, , for The Coast Distribution
System, Inc. Web site: http://www.coastdistribution.com/
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