Thyssenkrupp Budd Canada Inc.

Thyssenkrupp Budd Canada Inc.

March 09, 2005 15:18 ET

ThyssenKrupp Budd Canada Inc. Postpones Annual Meeting


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: THYSSENKRUPP BUDD CANADA INC.

TSX SYMBOL: BUD

MARCH 9, 2005 - 15:18 ET

ThyssenKrupp Budd Canada Inc. Postpones Annual Meeting

KITCHENER, ONTARIO--(CCNMatthews - March 9, 2005) - ThyssenKrupp Budd
Canada Inc. (TSX:BUD) today announced that, in view of the offer mailed
on March 4, 2005 by its controlling shareholder, Budcan Holdings Inc., a
wholly owned subsidiary of ThyssenKrupp Budd Company, for all of the
outstanding shares of ThyssenKrupp Budd Canada Inc. (the "Corporation")
owned by the public for $9.00 per share (the "Offer"), the Corporation
had postponed its annual meeting of shareholders. The annual meeting had
been scheduled for March 31, 2005. If the Offer is not successful, or if
it is necessary to hold a special meeting of shareholders in conjunction
with a "going private transaction" as contemplated under the Offer, the
annual meeting will be rescheduled for June 2005.

ThyssenKrupp Budd Canada Inc. is an automotive manufacturer specializing
in the production of light truck and sport utility vehicle frames and
chassis components.

This press release contains certain "forward-looking statements" that
involve a number of risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such
statements.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    ThyssenKrupp Budd Canada Inc.
    Winston P. Wong
    (519) 895-3010