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Exhibit (a)(11)
FOR IMMEDIATE RELEASE:
BODYCOTE INTERNATIONAL PLC COMPLETES
ACQUISITION OF LINDBERG CORPORATION
January 18, 2001, Cheshire, England and Rosemont, Illinois -- Bodycote
International plc (LSE:BOY) announced today that, through Bodycote Investments
VI, Inc., a wholly owned subsidiary of Bodycote International plc, it had
completed its $18.125 per share cash tender offer for the outstanding common
shares of Lindberg Corporation (NASDAQ: LIND). Bodycote Investments VI, Inc. has
accepted for payment 5,509,750 shares, or approximately 97.3% of the outstanding
Lindberg shares, including 305,951 shares subject to guaranteed delivery.
The tender offer was made pursuant to a merger agreement between
Bodycote, Bodycote Investments VI and Lindberg. Under the terms of the merger
agreement, the remaining Lindberg shares will be converted in a merger into
the right to receive the $18.125 per share amount paid in the tender offer.
Bodycote intends to complete the merger of its subsidiary into Lindberg
within a week.
Bodycote operates in the field of materials technology and metal
processing, with principal areas of operation including heat treatment, hot
isostatic pressing, materials testing and metallurgical coatings. Bodycote's
heat treatment division currently has 119 plants in 16 countries around the
world, of which 22 are in North America. The division has benefited from the
growth in the commercial heat treatment market in the UK and the rest of Europe
due to manufacturers increasingly outsourcing their heat treatment requirements.
Lindberg is the largest commercial heat treater in North America, with
operations in the United States and in Mexico. Lindberg serves more than 10,000
customers in a range of industries including: aerospace, automotive, oil field
equipment, consumer products, agricultural equipment, heavy truck, construction,
defense and machine tool markets.
Contacts: Bodycote International plc,
Martyn Wilton, 978-470-1620
John Hubbard, 214-904-2420
