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The Shareholder Forumtm

support for fair value realization

of stock investments in

DBM Global Incorporated

(f/k/a Schuff International Inc.)

 
 

Support of Minority Shareholder Interests

The Shareholder Forum had offered to support Appraised Value Rights ("AVR") of DBM (f/k/a Schuff International) minority shareholders in 2014 following a $31.50 per share tender offer by the company's controlling shareholder, HC2 Holdings, Inc., with the stated intent to proceed with a short-form merger "as soon as practicable.”

HC2 acquired DBM shares in the 2014 tender offer and other purchases bringing its total holdings to 92% of outstanding DBM shares, but has not proceeded with a merger. The Forum has continued to support the minority shareholder interests of its AVR participants in this context.

 
     

Forum distribution:

DBM (f/k/a Schuff) accelerating date of payment for $1.29 per share cash dividend from June 5 to May 30

 

 

Source: DBM Global Inc. f/k/a Schuff International (published by GlobeNewswire): May 11, 2017 press release

 

DBM Global Moves Up Dividend Payment Date From June 5, 2017 to May 30, 2017

May 11, 2017 16:57 ET | Source: DBM Global Inc.

PHOENIX, May 11, 2017 (GLOBE NEWSWIRE) -- DBM Global Inc. (OTC:DBMG), a family of companies providing fully integrated steel construction services, and an operating subsidiary of HC2 Holdings, Inc. (NYSE MKT:HCHC), previously announced that it will pay a cash dividend of $5.0 million or $1.29 per share to DBM Global Inc. stockholders of record at the close of business on May 19, 2017. The Company has determined that it will now be able to make the dividend payment on May 30, 2017. The Record Date for the cash dividend will remain as previously announced for stockholders of record at the close of business on May 19, 2017. 

About DBM Global Inc.

DBM Global Inc. is focused on delivering world class, sustainable value to its clients through a highly collaborative portfolio of companies which provide better designs, more efficient construction and superior asset management solutions.  The Company offers integrated steel construction services from a single source and professional services which include design-assist, design-build, engineering, BIM participation, 3D steel modeling/detailing, fabrication, advanced field erection, project management, and state-of-the-art steel management systems.  Major market segments include commercial, healthcare, convention centers, stadiums, gaming and hospitality, mixed use and retail, industrial, public works, bridges, transportation, and international projects.  The Company, which is headquartered in Phoenix, Arizona, has operations in United States, Australia, Canada, India, New Zealand, Philippines, Singapore, Thailand and the United Kingdom.  

For additional information on DBM Global’s majority shareholder, HC2 Holdings, Inc. (NYSE MKT:HCHC), please visit http://www.hc2.com.

Contact:

DBM Global Inc.
Michael R. Hill, VP and CFO
(602) 252-7787
Email: mike.hill@dbmglobal.com

Andrew G. Backman
Managing Director
Investor Relations & Public Relations
abackman@hc2.com
212-339-5836
 

© 2017 GlobeNewswire, Inc.


 

 

 

The project supporting investor interests in DBM Global Incorporated (f/k/a Schuff International, Inc.) is being conducted by the Shareholder Forum for the benefit of Participants that have reserved Appraised Value Rights ("AVR") Management, subject to conditions including standard Forum policies that each Participant is expected to make independent use of information obtained through the Forum and that participation is considered private unless the Participant specifically authorizes identification.

Inquiries may be sent to shfk@shareholderforum.com.

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.

Shareholder Forum™ is a trademark owned by The Shareholder Forum, Inc., for the programs conducted since 1999 to support investor access to decision-making information. It should be noted that we have no responsibility for the services that Broadridge Financial Solutions, Inc., introduced for review in the Forum's 2010 "E-Meetings" program and has since been offering with the “Shareholder Forum” name, and we have asked Broadridge to use a different name that does not suggest our support or endorsement.