Salton, Inc. today made the following comment with respect to its pending merger with APN Holding Company, Inc.: "The definitive merger agreement with APN Holdco, which was entered into on February 7, 2007 and remains in effect, provides that either Salton or APN Holdco may terminate such agreement if the merger is not consummated prior to July 31, 2007. The consummation of the pending merger remains subject to various conditions, including the approval by the Company's stockholders and the financing of the merger. Although Salton continues to engage in discussions with APN Holdco, Salton and APN Holdco have been unable to agree on a mutual extension of the outside date for completing the merger. As a result, there can be no assurance that the merger will occur upon its current terms or at all."
to Daily News