Consumer electronics maker Brillian Corp., announced that its stockholders voted in favor of its proposed merger transaction with privately held Syntax Groups Corp.
The company has also been informed that the shareholders of Syntax Groups Corp. voted in favor of the transaction. The company anticipates that the merger will be completed on Nov. 30, 2005, subject to satisfaction or waiver of the closing conditions set forth in the merger agreement between the company and Syntax.
Additionally, Brillian's stockholders approved proposals to enable Brillian to effect a reverse stock split if necessary to maintain its listing on the Nasdaq National Market, to authorize a corporate name change from Brillian Corp. to Syntax-Brillian Corp. and to ratify two financing transactions.
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