July 26, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — North American Galvanizing & Coatings, Inc. (NASDAQ: NGA) said that trading in the shares of its common stock on the NASDAQ Stock Market will be suspended effective as of Thursday, July 29, 2010. Wednesday, July 28, 2010 will be the last day on which the shares will trade on NASDAQ. The company said it has taken this action in connection with the anticipated merger of Big Kettle Merger Sub, Inc., an indirect wholly-owned subsidiary of AZZ incorporated (NYSE: AZZ), with and into NGA under an agreement and plan of merger among NGA, Merger Sub and AZZ dated March 31, 2010.

Upon completion of the merger, NGA will no longer meet the numerical listing requirements of NASDAQ.

NGA has previously issued a press release stating its intention to strike the shares from listing and registration on the NASDAQ, and, on July 19, NGA filed a Form 25 with the Securities and Exchange Commission striking the shares from listing and registration on the NASDAQ effective as of July 29.

Due to the number of shares owned by Merger Sub, the requisite approval of the merger by NGA's stockholders is assured, and NGA said it plans to consummate the merger as soon as possible under applicable law.  NGA anticipates that the Merger will be effective on August 3.

NGA said it anticipates that the shares will be traded only on the OTC "grey market" from July 29, 2010 through August 2, 2010, and NGA has not arranged for the listing and/or registration of its shares on a national securities exchange or for quotation of its Shares in a quotation medium during this time.

Oklahoma-based North American Galvanizing & Coatings is a provider of corrosion protection for iron and steel components fabricated by its customers. NGA's galvanizing and coating operations are composed of eleven facilities located in Colorado, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, Texas and West Virginia.

Texas-based AZZ is a specialty electrical equipment manufacturer serving the global markets of industrial, power generation, transmission and distributions, as well as a leading provider of hot dip galvanizing services to the steel fabrication market.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[hlmsmlh] [lstngsnws] [mrgrsacqstns] [ndstrls] [ndstrlspplssrvcs] [ndstrls] [mchnrymnfctrng] [ftrdnwswnd]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.