For Immediate Release
RICOH AND LANIER ANNOUNCE EXPIRATION OF
HART-SCOTT-RODINO WAITING PERIOD
TOKYO, JAPAN and ATLANTA, GA, U.S.A., December 18, 2000 - Ricoh Company, Ltd.
(TSE: 7752) and Lanier Worldwide, Inc. (NYSE: LR) announced today that the
waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
as amended (the "HSR Act"), in connection with the pending acquisition of Lanier
Worldwide by Ricoh, expired on Friday, December 15, 2000. As previously
announced, Ricoh commenced a cash tender offer of $3.00 per share for any and
all shares of Lanier Worldwide, Inc. common stock on December 8, 2000. The
expiration of the waiting period under the HSR Act satisfies one of the
conditions to the tender offer. The tender offer is scheduled to expire at
midnight, New York City time, on January 8, 2001, unless the tender offer is
extended.
Lanier stockholders are advised to read Ricoh's tender offer statement
(including an offer to purchase, letter of transmittal, and related tender offer
documents) regarding its acquisition of Lanier, which has been sent to Lanier
stockholders and filed with the SEC, and the related solicitation/recommendation
statement which has been sent to Lanier stockholders and filed with the SEC. The
tender offer statement and the solicitation/recommendation statement contain
important information and should be read carefully before any decision is made
with respect to the tender offer. These documents are available to all
stockholders of Lanier at no expense to them. These documents also are available
at no charge at the SEC's web site, www.sec.gov.
CONTACT: RICOH COMPANY, LTD. LANIER WORLDWIDE, INC.
Takanobu Matsunami Brad Nelson
(+81-3) 5411-4511 770-621-1076
[email protected]
