EX-99
2
mm03-2707_8ke991.txt
EXHIBIT 99.1
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BMCA NEWS
Building Materials 1361 Alps Road, Wayne, NJ 07470 973 628-3000
Corp. of America
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FOR IMMEDIATE RELEASE
FOR MORE INFORMATION, CONTACT BUILDING MATERIALS CORPORATION OF AMERICA AT
973-317-5960
BMCA COMPLETES MERGER OF ITS SUBSIDIARY WITH ELKCORP
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March 27, 2007 - Building Materials Corporation of America ("BMCA"), North
America's largest manufacturer of residential and commercial roofing products
and specialty building products, which operates under the name GAF Materials
Corporation, announces today the consummation of the merger of BMCA Acquisition
Sub Inc., an indirect wholly-owned subsidiary of BMCA ("Purchaser"), with and
into ElkCorp ("Elk") effective Monday, March 26, 2007. Each share of Elk common
stock that was not tendered into the tender offer by Purchaser, BMCA Acquisition
Inc. and BMCA and was outstanding at the time of the merger (other than shares
held by Purchaser or its affiliates or stockholders who properly perfect
appraisal rights under Delaware law) has been cancelled and converted into the
right to receive $43.50 per share in cash, without interest. Elk is the
surviving corporation and is now an indirect, wholly-owned subsidiary of BMCA.
****
BMCA INFORMATION
Building Materials Corporation of America, which operates under the name of GAF
Materials Corporation, is an indirect subsidiary of G-I Holdings Inc. BMCA and
Elk's pro-forma combined annual net sales in 2006 approximates $2.9 billion.
BMCA is North America's largest manufacturer of residential and commercial
roofing products and specialty building products.
# # #
FORWARD-LOOKING STATEMENTS
This release contains some forward-looking statements as defined by the federal
securities laws which are based on our current expectations and assumptions,
which are subject to a number of risks and uncertainties that could cause actual
results to differ materially from those anticipated, projected or implied. We
undertake no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or otherwise.

EX - 99 2 mm03 - 2707 _ 8ke991 . txt EXHIBIT 99 . 1 ------------ -------------------------------------------------------------------------------- BMCA NEWS Building Materials 1361 Alps Road , Wayne , NJ 07470 973 628 - 3000 Corp . of America -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE FOR MORE INFORMATION , CONTACT BUILDING MATERIALS CORPORATION OF AMERICA AT 973 - 317 - 5960 BMCA COMPLETES MERGER OF ITS SUBSIDIARY WITH ELKCORP ---------------------------------------------------- March 27 , 2007 - Building Materials Corporation of America ( " BMCA " ) , North America 's largest manufacturer of residential and commercial roofing products and specialty building products , which operates under the name GAF Materials Corporation , announces today the consummation of the merger of BMCA Acquisition Sub Inc . , an indirect wholly - owned subsidiary of BMCA ( " Purchaser " ) , with and into ElkCorp ( " Elk " ) effective Monday , March 26 , 2007 . Each share of Elk common stock that was not tendered into the tender offer by Purchaser , BMCA Acquisition Inc . and BMCA and was outstanding at the time of the merger ( other than shares held by Purchaser or its affiliates or stockholders who properly perfect appraisal rights under Delaware law ) has been cancelled and converted into the right to receive $ 43.50 per share in cash , without interest . Elk is the surviving corporation and is now an indirect , wholly - owned subsidiary of BMCA . **** BMCA INFORMATION Building Materials Corporation of America , which operates under the name of GAF Materials Corporation , is an indirect subsidiary of G - I Holdings Inc . BMCA and Elk 's pro - forma combined annual net sales in 2006 approximates $ 2.9 billion . BMCA is North America 's largest manufacturer of residential and commercial roofing products and specialty building products . # # # FORWARD - LOOKING STATEMENTS This release contains some forward - looking statements as defined by the federal securities laws which are based on our current expectations and assumptions , which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated , projected or implied . We undertake no obligation to publicly update any forward - looking statements , whether as a result of new information , future events or otherwise .