The Board of Directors of Calgon Carbon Corporation (NYSE: CCC) (Calgon
Carbon or the Company) has declared a quarterly dividend of $0.05 per
share on its common stock payable on March 15, 2018, to stockholders of
record as of March 5, 2018.
If the previously announced merger with a wholly owned subsidiary of
Kuraray Co., Ltd. (TYO:3405) (Kuraray) becomes effective prior to March
5, 2018, the dividend will not be paid.
Pure Water. Clean Air. Better World.
Calgon Carbon Corporation (NYSE:CCC) is a global leader in innovative
solutions, high quality products and reliable services designed to
protect human health and the environment from harmful contaminants in
water and air. As a leading manufacturer of activated carbon, with broad
capabilities in ultraviolet light disinfection, the Company provides
purification solutions for drinking water, wastewater, pollution
abatement, and a variety of industrial and commercial manufacturing
processes.
Calgon Carbon is the world’s largest producer of granular activated
carbon and supplies more than 100 types of activated carbon products –
in granular, powdered, pelletized and cloth form – for more than 700
distinct applications.
With the recent acquisition of complementary wood-based activated carbon
and filtration media capabilities located in Europe, Calgon Carbon
becomes an even more global and diverse industry leader in activated
carbon, reactivation, and filtration media in the form of diatomaceous
earth and perlites.
Headquartered in Pittsburgh, Pennsylvania, the Company employs
approximately 1,300 people at 20 manufacturing, reactivation, and
equipment fabrication facilities in the U.S., Asia, and in Europe, where
Calgon Carbon is known as Chemviron.
For more information about Calgon Carbon’s leading activated carbon,
filtration media, and ultraviolet technology solutions, visit www.calgoncarbon.com.
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995
This communication contains “forward-looking” statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995, known
as the PSLRA. These statements, as they relate to Calgon Carbon, its
management or the proposed merger between Calgon Carbon and Kuraray,
involve risks and uncertainties that may cause results to differ
materially from those set forth in these statements. These statements
are based on current plans, estimates and projections, and therefore,
you are cautioned not to place undue reliance on them. No
forward-looking statement can be guaranteed, and actual results may
differ materially from those projected. Calgon Carbon does not undertake
any obligation to publicly update any forward-looking statement, whether
as a result of new information, future events or otherwise, except to
the extent required by law. Forward-looking statements are not
historical facts, but rather are based on current expectations,
estimates, assumptions and projections about the business and future
financial results, and other legal, regulatory and economic
developments. Statements that use words such as “anticipates,”
“believes,” “plans,” “expects,” “projects,” “future,” “intends,” “may,”
“will,” “should,” “could,” “estimates,” “predicts,” “potential,”
“continue,” “guidance,” and similar expressions identify these
forward-looking statements that are intended to be covered by the safe
harbor provisions of the PSLRA. Actual results could differ materially
from the results contemplated by these forward-looking statements due to
a number of factors, including: the failure to obtain governmental
approvals of the merger on the proposed terms and schedule, and any
conditions imposed on Calgon Carbon, Kuraray or the combined company in
connection with consummation of the merger; the failure to satisfy
various other conditions to the closing of the merger contemplated by
the merger agreement; restrictions imposed by outstanding indebtedness;
worldwide and regional economic, business, and political conditions;
changes in customer demand and requirements; business cycles and other
industry conditions; the timing of new services or facilities; the
ability to compete with others in the industries in which Calgon Carbon
operates; the effects of compliance with laws; fluctuations in the value
of currencies and of interest rates in major areas where operations are
located; matters relating to operating facilities; the effect and costs
of claims (known or unknown) relating to litigation and environmental
remediation; the ability to develop and further enhance technology and
proprietary know-how; the ability to attract and retain key personnel;
disruption from the merger making it more difficult to maintain
relationships with customers, employees or suppliers; changes in the
economic climate in the markets in which Calgon Carbon owns and operates
its businesses; the overall level of economic activity; the availability
of consumer credit and mortgage financing, unemployment rates and other
factors; Calgon Carbon’s ability to successfully integrate the New
Business and achieve the expected results of the acquisition, including
any expected synergies and the expected future accretion to earnings;
changes in, or delays in the implementation of, regulations that cause a
market for Calgon Carbon’s products; Calgon Carbon’s ability to
successfully type approve or qualify its products to meet customer and
end market requirements; changes in competitor prices for products
similar to Calgon Carbon’s; higher energy and raw material costs; costs
of imports and related tariffs; unfavorable weather conditions and
changes in market prices of natural gas relative to prices of coal;
changes in corporate income and cross-border tax policies and laws of
the United States and other countries, and the Company’s estimates of
the impacts of such policies and laws; labor relations; the availability
of capital and environmental requirements as they relate to Calgon
Carbon’s operations and to those of Calgon Carbon’s customers; borrowing
restrictions; the validity of and licensing restrictions on the use of
patents, trademarks and other intellectual property; pension costs; the
results of litigation involving Calgon Carbon, including any litigation
in connection with the proposed merger; information security breaches
and other disruptions that could compromise Calgon Carbon’s information
and expose Calgon Carbon to business interruption, increased costs,
liability and reputational damage; and additional risks associated with
the conduct of Calgon Carbon’s business, such as failure to achieve
expected results and the risks described from time to time in Calgon
Carbon’s reports filed with the SEC, including in its most recently
filed annual report on Form 10-K.
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