LESCO, Inc. Shareholders Approve Merger Agreement
CLEVELAND, May 3 / -- LESCO, Inc. (NASDAQ:LSCO), an Ohio-based company and a leading supplier of lawn care, landscape, golf course and pest control products, announced that, at its special meeting of shareholders held today, the Company's shareholders approved and adopted the Agreement and Plan of Merger, dated as of February 19, 2007, among Deere & Company, Deere Merger Sub, Inc. and the Company. Approximately 78 percent of the Company's common shares present and voting at the special meeting approved the merger agreement, representing approximately 67 percent of the total number of common shares outstanding and entitled to vote.
The Company expects to close the transactions contemplated by the merger agreement as soon as practicable, pending the satisfaction or waiver of the conditions set forth in the merger agreement.
About LESCO, Inc.
LESCO, Inc. (NASDAQ:LSCO) is a leading provider of products for the professional green and pest control industries. LESCO serves customers worldwide, through more than 345 LESCO Service Center® locations, 114 LESCO Stores-on-Wheels(R) vehicles, and other direct sales efforts. Additional information about LESCO can be found on the Internet at www.lesco.com.
About Deere & Company
John Deere (Deere & Company -- NYSE: DE) is the world's leading provider of advanced products and services for agriculture and forestry and a major provider of advanced products and services for construction, lawn and turf care, landscaping and irrigation. John Deere also provides financial services worldwide and manufactures and markets engines used in heavy equipment. Since it was founded in 1837, the company has extended its heritage of integrity, quality, commitment and innovation around the globe.
For information, call:
Michael Weisbarth
LESCO, Inc.
(216) 706-9250
FCMN Contact: dbrattoli@lesco.com
Source: LESCO, Inc.
Web site: www.lesco.com/
