Item 1.01 Entry into a Material Definitive Agreement.
On June 2, 2009, Technitrol through its wholly-owned subsidiaries entered into a
Share Purchase Agreement to sell its Medtech components business to Xilco A/S.
The purchase price for the business is expected to be $200 million in cash
subject to final working capital adjustments. The Purchase Agreement contains
customary covenants, representations and warranties. Consummation of the
transaction is subject to no material adverse change occurring and other
customary closing conditions.
The foregoing summary is not complete and is qualified in its entirety by
reference to the full text of the Share Purchase Agreement attached hereto as
Exhibit 2.1 which is incorporated herein by reference. Investors in Technitrol
and other persons not party to the Purchase Agreement should not rely for any
purpose on the covenants, representations or warranties made therein, or
consider them as statements of fact or as representing the current state of
Technitrol's affairs.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 2.1 Share Purchase Agreement dated June 2, 2009 between Pulse Denmark ApS
and Xilco A/S.
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Technitrol, Inc.
Date: June 8, 2009 By: /s/ Drew A. Moyer
Drew A. Moyer
Sr. Vice President and CFO