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Notiziario Marketpress di
Mercoledì 13 Dicembre 2000 |
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PENDING COMBINATION OF MAXTOR AND QUANTUM´S HDD UNIT CLEARED TO PROCEED UNDER U.S. AND EUROPEAN ANTITRUST PRE-MERGER NOTIFICATION REQUIREMENTS
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Milpitas, California, December 13, 2000 - Maxtor Corporation (Nasdaq:mxtr) and Quantum Corporation (Nyse:dss) (Nyse:hdd) announced that the waiting period applicable to the pending combination of Maxtor and Quantum´s Hard Disk Drive Group under the U. S. Hart-scott-rodino Antitrust Improvements Act expired on December 9, 2000. The two companies also announced that, on December 8, 2000, the European Commission issued its approval of the combination under the European Union´s Merger Control Regulation. The two companies further reported that they have filed today with the Securities and Exchange Commission a registration statement of Maxtor covering the shares to be issued in the transaction and a joint proxy statement-prospectus for the special meetings at which the respective stockholders of both companies will be asked to approve the transaction. Maxtor´s securities will be offered, and proxies will be solicited by both companies, only pursuant to the version of the registration statement that is declared effective by the Sec and the definitive version of the joint proxy statement-prospectus that has been cleared with the Sec. As announced by the two companies on October 4, 2000, holders of Quantum Hdd common stock will receive 1. 52 shares of Maxtor common stock for every Quantum Hdd share they own. The companies expect the transaction to be completed in the first quarter of 2001. |
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