Isco Shareholders Approve Acquisition by Teledyne
15 Junio 2004 - 4:02PM
PR Newswire (US)
Isco Shareholders Approve Acquisition by Teledyne LOS ANGELES and
LINCOLN, Neb., June 15 /PRNewswire-FirstCall/ -- Teledyne
Technologies Incorporated (NYSE:TDY) and Isco, Inc. (NASDAQ:ISKO)
jointly announced today that at a special meeting of shareholders
held earlier that day, shareholders of Isco, Inc. voted to approve
the sale of Isco to Teledyne. Isco shareholders approved and
adopted the Agreement and Plan of Merger (the "Merger Agreement"),
dated April 7, 2004, by and among Isco, Teledyne and Meadow Merger
Sub Inc. and the transactions contemplated by the Merger Agreement.
The final vote tally, prepared by the independent inspector of
election, showed that 82.5% of the outstanding shares of Isco
common stock voted for the approval and adoption of the Merger
Agreement. Teledyne and Isco anticipate that the merger will close
and be effective at 5:00 p.m. CDT on June 18, 2004. Isco
shareholders will receive $16 in cash for each outstanding share of
Isco stock. The acquisition has been approved by the boards of
directors of both companies and cleared early the requirements
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Teledyne Technologies is a leading provider of sophisticated
electronic components, instruments and communication products,
systems engineering solutions, aerospace engines and components and
on-site gas and power generation systems. Teledyne Technologies has
operations in the United States, the United Kingdom, Mexico and
Canada. For more information, visit Teledyne Technologies' website
at http://www.teledyne.com/ . Isco is a leading producer of water
quality monitoring products such as wastewater samplers and open
channel flow meters. The company's liquid chromatography customers
include pharmaceutical laboratories involved in drug discovery and
development. Isco also manufactures chemical separation instruments
for industrial and research use. On-line process control
instruments for the wastewater market are produced by STIP-Isco for
worldwide distribution. For more information, visit Isco's website
at http://www.isco.com/ . Forward-Looking Statements Cautionary
Notice This press release contains forward-looking statements, as
defined in the Private Securities Litigation Reform Act of 1995,
with respect to management's beliefs about the financial condition,
results of operations and businesses of Isco and Teledyne in the
future. These statements involve risks and uncertainties. Actual
results could differ materially from these forward- looking
statements. Many factors, including Teledyne's ability to integrate
the acquisition and achieve anticipated synergies, the ability of
Isco's management to develop and commercialize its existing and
contemplated products in its instruments, process monitoring, and
SWIFT chromatography product groups, and unexpected merger-related
costs and expenses, could change anticipated results. Certain of
these, as well as other factors which could affect Isco's business,
are discussed in Isco's Annual Report on Form 10-K for the fiscal
year ended July 25, 2003 on file with the Securities and Exchange
Commission. Neither Teledyne nor Isco undertake any obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
DATASOURCE: Teledyne Technologies Incorporated CONTACT: Investor:
Jason VanWees, +1-310-893-1642, Press: Robyn Choi, +1-310-893-1640,
both of Teledyne Technologies Incorporated; or Douglas M. Grant,
President and Chief Operating Officer of Isco, Inc.,
+1-402-464-0231 Web site: http://www.teledyne.com/
http://www.isco.com/
Copyright
Isco (NASDAQ:ISKO)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Isco (NASDAQ:ISKO)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Isco (MM) (NASDAQ): 0 recent articles
Más de Isco (MM) Artículos de Noticias