Global Sources
EE Times-India
Stay in touch with EE Times India
 
EE Times-India > Embedded
 
 
Embedded  

Emerson Electric to acquire Artesyn

Posted: 04 May 2006     Print Version  Bookmark and Share

Keywords:Artesyn Technologies  acquisition  merger  Emerson Electric 

Artesyn Technologies Inc. announced recently that its shareholders have voted to approve the acquisition via merger of Artesyn by Emerson Electric Co.

At a special meeting of Artesyn shareholders, the merger was approved by more than 99 per cent of shares that were voted, and well over the approval requirement of a majority of the outstanding shares eligible to vote.

Under the terms of the merger, each outstanding share of Artesyn common stock will be converted into the right to receive Rs.492.25 ($11) in cash. Artesyn will no longer be a public company, and its shares will not trade on Nasdaq.

Artesyn is a supplier of power conversion and embedded board solutions for infrastructure applications in server and storage, networking, wireless, and telecommunications systems. Artesyn's products are used in middle to high-end servers, data storage devices, routers, hubs, high-speed modems, RF amplification systems, base station controllers, and transceivers.




Comment on "Emerson Electric to acquire Artesyn"
Comments:  
*  You can enter [0] more charecters.
*Verify code:
 
 
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

 

Go to top             Connect on Facebook      Follow us on Twitter      Follow us on Orkut

 
Back to Top