30.8.2007: Meldung: Exide Technologies: Rights Offering

Exide Technologies Announces Planned Rights Offering
Tuesday August 28, 9:22 am ET

ALPHARETTA, Ga.-- Exide Technologies, a global leader in stored electrical energy solutions, today announced that it is planning to commence a rights offering of common stock to its stockholders, which would produce gross proceeds to the Company of up to $91.7 million.

The Company has entered into a standby purchase agreement with Tontine Capital Partners, L.P. and Legg Mason Investment Trust, Inc., pursuant to which these current stockholders have agreed to backstop the rights offering by purchasing shares of common stock that relate to any rights that remain unexercised at the expiration of the rights offering.

The Company will be distributing non-transferable rights to subscribe for and purchase up to 14 million shares of its common stock to common stockholders of record as of 5:00 p.m. Eastern Daylight Time, August 30, 2007 (the "Record Date"). In the offering, each common stockholder will receive a right to purchase 0.22851 shares of common stock, at a subscription price of $6.55 per share, for each share owned on the Record Date. Stockholders will be able to exercise their rights to purchase shares in the offering until 5:00 p.m. Eastern Daylight Time on Friday, September 28, 2007.

A copy of the prospectus supplement relating to the rights offering meeting the requirements of Section 10 of the Securities Act of 1933 and additional materials relating to the rights offering are expected to be mailed on or about September 4, 2007 to common stockholders of the Company as of the record date. Common stockholders may also obtain a copy of the prospectus from the information agent for the offering, Georgeson Shareholders Communications Inc., 17 State Street, 10th Floor, New York, New York 10004, telephone (888)605-7606.


For Exide Technologies, Alpharetta
Media Contacts:
Jeannine Addams or Kristin Wohlleben, 404/231-1132
J.Addams & Partners, Inc.
Investor Contact:
Todd Atenhan, 770/425-7877

Source: Exide Technologies
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