HOUSTON, March 16 /PRNewswire-FirstCall/ -- ICO, Inc.
(Nasdaq: ICOC), global producer of custom polymer powders and
plastic film concentrates, today announced that it has set
March 17, 2010 as the record date for
the determination of stockholders entitled to vote at its upcoming
special meeting of stockholders. At the special meeting,
ICO's stockholders will be asked to adopt the merger agreement
entered into by ICO and A. Schulman, Inc. ("Schulman") which
provides for a merger in which ICO will become a wholly-owned
subsidiary of Schulman. The meeting date for the special
meeting is tentatively scheduled for April
28, 2010, pending completion of the Securities and Exchange
Commission's review of Schulman's registration statement.
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Additional Information:
In connection with the proposed transaction, A. Schulman has
filed a Registration Statement on Form S-4 with the SEC (Reg. No.
333-164085) containing a preliminary proxy statement/prospectus
regarding the proposed merger. STOCKHOLDERS OF ICO ARE
ENCOURAGED TO READ THE REGISTRATION STATEMENT AND ANY OTHER
RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY
STATEMENT/ PROSPECTUS THAT IS PART OF THE REGISTRATION STATEMENT,
BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
MERGER. The final proxy statement/prospectus will be mailed
to stockholders of ICO. Investors and security holders will
be able to obtain the documents free of charge at the SEC's
website, www.sec.gov, from A. Schulman, Inc. at its website,
www.aschulman.com, or from ICO, Inc. at its website,
www.icopolymers.com, or 1811 Bering Drive, Suite 200,
Houston, Texas, 77057, attention:
Corporate Secretary.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
Participants in the Solicitation
A. Schulman and ICO and their respective directors and executive
officers, other members of management and employees and the
proposed directors and executive officers of the combined company,
may be deemed to be participants in the solicitation of proxies in
respect of the proposed transaction. Information concerning
the proposed directors and executive officers of the combined
company, A. Schulman's and ICO's respective directors and executive
officers and other participants in the proxy solicitation,
including a description of their interests, is included in the
proxy statement/prospectus contained in the above-referenced
Registration Statement on Form S-4.
About ICO, Inc.
With 20 locations in 9 countries, ICO produces custom polymer
powders for rotational molding and other polymer related
businesses, such as the textile, metal coating and masterbatch
markets. ICO remains an industry leader in size reduction,
compounding and other tolling services for plastic and non-plastic
materials. ICO's Bayshore Industrial subsidiary produces specialty
compounds, concentrates and additives primarily for the plastic
film industry. Additional information about ICO, Inc. can be
found on the Company's website at www.icopolymers.com.
Certain matters discussed in this press release are
"forward-looking statements," involving certain risks,
uncertainties, and assumptions, intended to qualify for the safe
harbors from liability established by the Private Securities
Litigation Reform Act of 1995. The Company's statements
regarding trends in the marketplace, potential future results, and
any proposed transaction and its timing and effects are examples of
such forward-looking statements. The following is a
non-exclusive list of risks and uncertainties, and circumstances
that present risks, that could cause the forward-looking statements
to become untrue or otherwise affect the outcome thereof: the
timely completion of the Securities and Exchange Commission's
review of Schulman's registration statement, restrictions imposed
by the Company's outstanding indebtedness; changes in the cost and
availability of resins (polymers) and other raw materials; changes
in demand for the Company's services and products; business cycles
and other industry conditions; general economic conditions;
international risks; operational risks; currency translation risks;
the Company's lack of asset diversification; the Company's ability
to manage global inventory, develop technology and proprietary
know-how, and attract and retain key personnel; failure of closing
conditions in any transaction to be satisfied; integration of
acquired businesses; as well as other factors detailed in the
Company's form 10-K for the fiscal year ended September 30, 2009 and its other filings with the
Securities and Exchange Commission.
Should one or more of such risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results
may vary materially from those indicated. Any forward-looking
statements are made only as of the date of this press release, and
the Company undertakes no obligation to publicly update any such
forward-looking statements to reflect subsequent events or
circumstances.
SOURCE ICO, Inc.
