Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Royal Appliance Sets Shareholder Meeting Date
Mar 13, 2003
 Printable format
 Email this Article
 Search

Royal Appliance Mfg. Co. announced it has set the date for the special meeting of Shareholders' to vote on the proposed acquisition by Techtronic Industries. The meeting has been set for April 22, 2003. Proxy materials are to be mailed on or about March 14, 2003 to shareholders of record on Feb. 28, 2003. The Company and TTI have also extended the termination date of the Merger Agreement from April 15, 2003 to May 15, 2003. Assuming approval by the shareholders' of TTI (scheduled to vote later this month) and the Royal Shareholders, the merger is expected to be completed immediately following the Royal Shareholders' Meeting.

As previously announced, Royal has entered into a definitive agreement for its acquisition by TTI. The agreement provides for Royal Appliance shareholders to receive U.S. $7.37 per share in cash, or a total purchase price of approximately U.S. $105 million. Under the terms of the agreement, Royal will be merged with a subsidiary of TTI which, following the completion of the merger, will operate as a wholly owned indirect subsidiary of TTI. The transaction is expected to close on April 23, 2003. It is subject to, among other things, the approval by the shareholders of both TTI and Royal Appliance. The parties have received early termination of the Hart-Scott-Rodino Act waiting period.

Back to Daily News

 

Daily News

...........................................................

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows