Joy Global Inc. (NYSE: JOY) announced today that it will release fourth
quarter and fiscal year 2016 earnings results prior to the opening of
business on Wednesday, December 14, 2016.
On July 21, 2016, the company announced that it had entered into an
Agreement and Plan of Merger under which Komatsu America Corp., a
subsidiary of Komatsu Ltd., will acquire the company. In light of the
pending merger, the company will not hold a conference call following
issuance of its four quarter and fiscal year 2016 earnings release. For
more information related to the merger, please refer to the company's
filings with the Securities and Exchange Commission.
About Joy Global
Joy Global Inc. is a worldwide leader in mining equipment and services
for surface and underground mining.
Additional Information and Where to Find it
Joy Global has filed with the SEC a preliminary proxy statement in
connection with the contemplated transactions. The definitive proxy
statement will be sent or given to Joy Global stockholders and will
contain important information about the contemplated transactions.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR
ENTIRETY THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH
THE SEC WHEN THEY BECOME AVAILABLE. Investors and security holders may
obtain a free copy of the preliminary proxy statement and the definitive
proxy statement (when it is available) and other documents filed with
the SEC at the SEC's website at www.sec.gov.
Certain Information Concerning Participants
Joy Global and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from Joy Global investors
and security holders in connection with the contemplated transactions.
Information about Joy Global's directors and executive officers is set
forth in its preliminary proxy statement in connection with the
contemplated transactions, its proxy statement for its 2016 Annual
Meeting of Stockholders and its most recent annual report on Form 10-K.
These documents may be obtained for free at the SEC's website at www.sec.gov.
Cautionary Statement Regarding Forward-Looking Information
This communication contains forward-looking information about Joy
Global, Komatsu Ltd. and Komatsu America Corp. and the proposed
transaction. Forward-looking statements are statements that are not
historical facts. These statements can be identified by the use of
forward-looking terminology such as "believe," "expect," "may," "will,"
"should," "project," "could," "plan," "goal," "potential," "pro forma,"
"seek," "intend" or "anticipate" or the negative thereof or comparable
terminology, and include discussions of strategy, financial projections,
guidance and estimates (including their underlying assumptions),
statements regarding plans, objectives, expectations or consequences of
announced transactions, and statements about the future performance,
operations, products and services of Joy Global and its subsidiaries.
Joy Global cautions readers not to place undue reliance on these
statements. These forward-looking statements are subject to a variety of
risks and uncertainties. Consequently, actual results and experience may
materially differ from those contained in any forward-looking
statements. Such risks and uncertainties include the following: the
failure to obtain Joy Global stockholder approval of the proposed
transaction; the possibility that the closing conditions to the
contemplated transactions may not be satisfied or waived, including that
a governmental entity may prohibit, delay or refuse to grant a necessary
regulatory approval; delay in closing the transaction or the possibility
of non-consummation of the transaction; the potential for regulatory
authorities to require divestitures in connection with the proposed
transaction; the occurrence of any event that could give rise to
termination of the merger agreement; the risk that stockholder
litigation in connection with the contemplated transactions may affect
the timing or occurrence of the contemplated transactions or result in
significant costs of defense, indemnification and liability; risks
inherent in the achievement of cost synergies and the timing thereof;
risks related to the disruption of the transaction to Joy Global and its
management; the effect of announcement of the transaction on Joy
Global's ability to retain and hire key personnel and maintain
relationships with customers, suppliers and other third parties;
fluctuations in the availability and prices of commodities; difficult
global economic and capital markets conditions; risks associated with
revenues from foreign markets; interruption, failure or compromise of
Joy Global's information systems; and changes in the legal and
regulatory environment. These risks and others are described in greater
detail in Joy Global's Annual Report on Form 10-K for the fiscal year
ended October 30, 2015, as well as in Joy Global's Quarterly Reports on
Form 10-Q and other documents filed by Joy Global with the SEC after the
date thereof. Joy Global makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances
occurring or existing after the date any forward-looking statement is
View source version on businesswire.com: http://www.businesswire.com/news/home/20161201005753/en/
Joy Global Inc.
Source: Joy Global Inc.
News Provided by Acquire Media