Benthos Announces Approval of Teledyne Merger Agreement
27 Januar 2006 - 7:17PM
Business Wire
BENTHOS, INC. (NASDAQ: BTHS), a leader in the manufacture of
oceanographic products and package inspection systems, announced
today that the merger agreement providing for the merger of Benthos
with a wholly-owned subsidiary of Teledyne Technologies
Incorporated (NYSE:TDY) was approved at the Special Meeting of
Shareholders of Benthos held today in Falmouth, Massachusetts.
Approximately 1,550,594 shares, or 73.6% of the issued and
outstanding shares of Benthos, voted to approve the merger
agreement. Benthos contemplates that the merger will be consummated
prior to the end of business today. About Benthos Benthos, Inc.
manufactures oceanographic products and package inspection systems
through its two divisions. The Undersea Systems Division has
developed a number of products based on its established acoustic
technology for energy markets, governmental entities, the port and
harbor security segment of the homeland defense market, and other
commercial markets. The Package Inspection Systems Division, also
referred to as the TapTone(R) Division, has developed quality
control equipment for flexible plastic, glass and other packaging
used in the beverage, food and pharmaceutical markets. About
Teledyne Teledyne Technologies Incorporated 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 www.teledyne.com. Forward Looking
Statements The statements in this news release relating to plans,
strategies, economic performance and trends and other statements
that are not descriptions of historical facts are "forward-looking
statements" within the meaning of the Federal Securities Laws. The
Company believes that such statements are reasonable and are based
on the beliefs of the Company's management as well as assumptions
made by and information currently available to Company management.
However, actual results could differ materially from those
currently anticipated due to a number of factors that include: the
timing of large project orders, competitive factors, shifts in
customer demand, government spending, economic cycles, regulatory
changes and other factors. More information about these factors is
contained in the Company's filings with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results or outcomes may vary materially from those described
herein. The Company does not undertake and expressly disclaims any
obligation to update or alter its forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by law.
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