ADIC Shareholders Approve Merger with Quantum Corporation
18 August 2006 - 10:12PM
Business Wire
Advanced Digital Information Corporation (Nasdaq:ADIC) announced
that at a special meeting of shareholders held today, a majority of
shareholders approved the proposed merger of ADIC with Quantum
Corporation (NYSE:DSS) announced on May 2, 2006. Quantum has
previously announced that subject to such shareholder approval, it
expects to close the transaction on Tuesday, August 22, 2006. About
ADIC Advanced Digital Information Corporation (Nasdaq:ADIC) is a
leading provider of Intelligent Storage(TM) solutions to the open
systems marketplace. ADIC is the world's largest supplier of
automated tape systems using the drive technologies most often
employed for backing up open system, client-server networks.(a) The
Company's data management software, storage networking appliances,
and disk-based backup and restore solutions provide IT managers
innovative tools for storing, managing, and protecting their most
valuable digital assets in a variety of disk and tape environments.
ADIC storage products are available through a worldwide sales force
and a global network of resellers, OEMs and partnerships, including
Apple, Dell, EMC, Fujitsu-Siemens, HP, IBM, and Sun. On May 2,
2006, ADIC announced that it entered into an agreement to merge
with Quantum Corporation (NYSE:DSS). Further information about ADIC
and the proposed merger is available at www.adic.com. (a) Market
Share: Gartner Dataquest, Tape Automation Systems Market Shares,
2004, F. Yale, August 2005. ADIC and Scalar are registered
trademarks and Intelligent Storage is a trademark of Advanced
Digital Information Corporation. All other trade or service marks
mentioned in this document should be considered the property of
their respective owners. On July 20, 2006, Quantum filed with the
SEC a Registration Statement on Form S-4/A containing a definitive
Proxy Statement/Prospectus regarding the proposed transaction
between Quantum and ADIC. Investors and shareholders are urged to
carefully read the Proxy Statement/Prospectus because it contains
important information about Quantum, ADIC, the transaction and
related matters. The Proxy Statement/Prospectus was mailed to
shareholders of ADIC on or about July 21, 2006. The Registration
Statement and the Proxy Statement/Prospectus and other relevant
materials and any other documents filed by ADIC or Quantum with the
SEC may be obtained free of charge at the SEC's website at
www.sec.gov. Investors and shareholders may obtain free copies of
the documents filed by ADIC with the SEC by contacting Investor
Relations, 425-881-8004 or Invest@adic.com, and of the documents
filed by Quantum with the SEC from Quantum by contacting Investor
Relations at 408-944-4450 or IR@quantum.com. ADIC and its directors
and executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of ADIC in connection
with the transaction described herein. Information regarding the
special interests of these directors and executive officers in the
transaction described herein is included in the Proxy
Statement/Prospectus described above.
Advanced Digital Information (NASDAQ:ADIC)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Advanced Digital Information (NASDAQ:ADIC)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
Echtzeit-Nachrichten über Advanced Digital Information (MM) (NASDAQ): 0 Nachrichtenartikel
Weitere Advanced Digital Information Corporation News-Artikel