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Product category: DC/DC Convertors
News Release from: Artesyn
Edited by the Electronicstalk Editorial Team on 3 May 2006

Emerson acquires Artesyn

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The shareholders of Artesyn Technologies have voted to approve the company's acquisition via merger by Emerson Electric

At a special meeting of Artesyn shareholders the merger was approved by more than 99% of shares that were voted, and well over the approval requirement of a majority of the outstanding shares eligible to vote. Under the terms of the merger, each outstanding share of Artesyn common stock will be converted into the right to receive $11.00 in cash.

The merger is effective immediately.

Artesyn is no longer a public company, and its shares will not trade on Nasdaq.

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