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Release: Immediate
Contact: Michael Poteshman (407)-826-4522
TUPPERWARE COMPLETES TENDER OFFER FOR
BEAUTICONTROL, INC.
ORLANDO, Fla., October 18, 2000 --Tupperware Corporation (NYSE: TUP) today
announced the consummation of its $7.00 per share cash tender offer for all
outstanding shares of the common stock of BeautiControl, Inc. (NASDAQ: BUTI).
Approximately 7 million shares, or 96.8 percent of the outstanding shares, of
BeautiControl were accepted pursuant to the tender offer.
All shares validly tendered before the expiration of the offer were
accepted for payment, including approximately 63,000 shares that were tendered
by guaranteed delivery procedures. The offer expired at midnight Eastern time on
Tuesday, October 17, 2000. The closing of the offer will be followed by a merger
in which the remaining common shares of BeautiControl will be converted into a
right to receive the same cash consideration per share paid in the merger.
Tupperware expects to effect the merger as soon as practicable.
Tupperware Corporation, a $1.1 billion multinational company, is one of the
world's leading direct sellers, supplying premium food storage, preparation and
serving items, to consumers in more than 100 countries through its Tupperware
brand, and premium beauty, skin care, and nutritional supplement products
through its BeautiControl and Eventus brands primarily in North America. Its web
site addresses are www.tupperware.com and www.beauticontrol.com, and its stock
is listed on the New York Stock Exchange.
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