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8-K - CANANDAIGUA NATIONAL CORPORATION 8-K - CANANDAIGUA NATIONAL CORP | cnc8k20130812.htm |
Exhibit 16(a)(1)(x)
For Immediate Release
Canandaigua, N.Y., August 12, 2013
Canandaigua National Corporation (Canandaigua National or the Corporation) (OTCBB:CNND.OBB) announced today that it will extend the expiration date of the tender offer to purchase all shares of its common stock held by persons owning 99 shares or fewer on the record date, June 26, 2013. The offer, as extended, will now expire at 5:00 p.m. Eastern time on August 26, 2013, unless further extended. As of 5:00 p.m. Eastern Time on August 12, 2013, the date and time previously established for the offer to expire, approximately 231 stockholders had tendered their shares, representing approximately 6,290 shares tendered in total.
This press release is for informational purposes only and is not an offer to buy or a solicitation of an offer to sell any shares of the Companys common stock. The offer is being made solely pursuant to the offer to purchase, as amended, and the accompanying documents, including the letter of transmittal, each dated July 1, 2013. The extended offer will expire at 5:00 p.m. Eastern time on August 26, 2013, unless otherwise further extended. Eligible stockholders who would like to accept the $161 per share offer, plus $50.00 bonus per eligible shareholder, must tender all shares that they own. Partial tenders will not be accepted. Investors may obtain copies of the Companys Schedule 13E-3, along with the amendments thereto, which includes the offer to purchase and accompanying documents (including the letter of transmittal) as exhibits, for free from the SECs website (www.sec.gov) or from the Company. The Company will make copies available to interested stockholders upon request. Company stockholders with questions or requests for documents, including a copy of the offer to purchase, as amended, and letter of transmittal may call the Companys information agent in this matter, Richard H. Hawks, Jr., Senior Vice President, 72 South Main Street, Canandaigua, New York 14424, (585) 394-4260 or toll free at (800) 724-2621. Stockholders and investors are urged to read these materials because they contain important information concerning the offer.
Contacts:
Stephen R. Martin, Senior Vice President, Corporate Communications
585-733-4573
smartin@cnbank.com
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