First Eagle Investment Management, LLC

January 05, 2010 21:07 ET

First Eagle Investment Management Announces 5.28% Interest in Keystone North America

NEW YORK, NEW YORK--(Marketwire - Jan. 5, 2010) - First Eagle Investment Management, LLC announced today that accounts and funds managed by it currently hold 1,350,000 (approximately 5.28% of the outstanding) common shares of Keystone North America Inc. (TSX:KNA)(TSX:KNA.UN), 600,000 shares of which were acquired since November 16, the date on which SCI Alliance Acquisition Corporation commenced its bid for all of the issued and outstanding common shares of Keystone North America Inc. Of the 1,350,000 total, 100,000 shares were purchased on January 4, 2010, bringing the percentage to 5.28%.

All of the common shares of Keystone North America Inc. currently held by the First Eagle Investment Management, LLC accounts and funds were acquired through the Toronto Stock Exchange.

The securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of such securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Further purchases or sales in the common shares of the company may be made in the future as circumstances warrant.

Contact Information

  • First Eagle Investment Management, LLC
    Mark Goldstein
    General Counsel
    (212) 698-3000