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SUCCESSFUL COMPLETION OF TENDER OFFER FOR CHEMFAB CORPORATION
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Norton Company, a U.S. subsidiary of Compagnie de Saint-Gobain, announced the successful completion of its tender offer for all of the outstanding shares of Chemfab Corporation.
The offer expired, as scheduled, at 12:00 midnight (EDT) on Tuesday, August 29, 2000. Based on preliminary information from the depositary for the offer, approximately 93% of the outstanding shares of CHEMFAB have been tendered.
Norton and Chemfab will now proceed to complete a merger pursuant to which Chemfab will become an indirect wholly owned subsidiary of Norton Company. The merger is expected to be completed by mid-September.
30/08/2000

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