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| EGLT > SEC Filings for EGLT > Form 8-K on 17-Nov-2008 | All Recent SEC Filings |
17-Nov-2008
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or St
On November 14, 2008, as a result of the Merger (as defined below), each outstanding publicly-held share of the Company's common stock was cancelled and converted into the right to receive $15.65 per share in cash, without interest and less any required withholding of taxes. Item 5.01. Changes in Control of Registrant.
On November 14, 2008, the Company completed the transactions (the "Merger")
contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated
as of September 1, 2008, by and among Teradyne, Inc., a Massachusetts
corporation ("Teradyne"), Turin Acquisition Corp., a Delaware corporation and a
direct wholly owned subsidiary of Teradyne ("Merger Sub"), and the Company. As a
result of the Merger, Merger Sub was merged with and into the Company, with the
Company being the surviving corporation. Upon completion of the Merger, the
Company became a wholly-owned subsidiary of Teradyne. Pursuant to the Merger
Agreement, each share of the Company's common stock issued and outstanding
immediately prior to the effective time of the Merger was cancelled and
converted into the right to receive $15.65 in cash, without interest and less
any required withholding of taxes.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers' Compensatory Arrangements of Certain Officers.
In connection with the Merger, each of Leonard A. Foxman, Theodore D. Foxman,
Michael C. Child, William H. Gibbs, Ross W. Manire and David B. Mullen resigned
from his respective position as a member of the Board of Directors, and any
committee thereof, of the Company. Following the Merger and pursuant to the
Merger Agreement, Michael A. Bradley, Gregory R. Beecher and Eileen Casal will
serve as the directors of the Company.
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