NEW YORK, NY, Jan. 21 /CNW/ - Glazer Capital, LLC ("Glazer"), through the funds that it manages, announces that on January 4, 2010 it acquired control of 108,000 common shares of Keystone North America Inc. ("Keystone") for total consideration of C$855,900 (or approximately C$7.925 per common share) representing approximately 0.42% of the issued and outstanding common shares of Keystone. This brings the total common shares of Keystone controlled by Glazer, and all persons and companies acting jointly or in concert with Glazer, to 1,376,400, which represents approximately 5.38% of the issued and outstanding common shares of Keystone. Glazer has acquired all of its common shares of Keystone since the commencement of the take-over bid.
The common shares of Keystone were purchased by Glazer in the open market through the facilities of the Toronto Stock Exchange. Glazer acquired the securities for investment purposes only and may, depending on market and other conditions, increase or decrease their beneficial ownership, control or direction over common shares or other securities of Keystone through market transactions, private agreements or otherwise.
For further information: For further information: Glazer Capital, LLC is located on 237 Park Ave Suite 900, New York, NY 10017. For a copy of the Early Warning Report, please contact David Barlow at (212) 808-7308 or visit Keystone's profile at www.sedar.com