Oglebay Norton shareholders OK merger deal with Carmeuse

By Lisa Kerner

Charlotte, N.C., Nov. 9 - Oglebay Norton Co. shareholders voted "overwhelmingly" to approve the company's merger with Carmeuse North America, a wholly owned subsidiary of Carmeuse Group, at a special meeting held on Friday.

"We look forward to completing the merger and we anticipate a smooth integration of the two companies," Oglebay Norton president and chief executive officer Michael Lundin said in a company news release.

As previously reported, Carmeuse agreed to acquire Oglebay Norton for $36 per share in cash. The transaction is slated for completion by the end of the year.

On Sept. 27, the company said it had received "multiple all cash proposals valued significantly in excess" of Harbinger Capital Partners' unsolicited tender offer of $31 per share. Harbinger did not intend to extend the offer to acquire all of the outstanding shares of Oglebay Norton past its Sept. 28 deadline, according to a prior news release.

Oglebay Norton is a Cleveland-based provider of minerals and aggregates to markets including building materials, environmental remediation, energy and industrial applications.

Based in Pittsburgh, Carmeuse North America is the largest producer of lime and limestone products in North America.

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