Oct 6 (Reuters) - Merix Corp:
* Viasystems and Merix agree to merge
* About 98 percent of holders of Merix $70 million convertible senior notes due
2013 agreed to enter into an exchange agreement
* Says the cash consideration will be financed by Viasystems' existing cash on
hand
* Says new Viasystems shares are expected to publicly trade on the NASDAQ in
place of existing Merix shares
* Says each Merix share will be converted into approximately 0.11 newly issued
shares of Viasystems
* Says combined company will be led by Viasystems' current chief executive
officer, David Sindelar
* Says following transaction approximately 20 million newly issued Viasystems
shares will be outstanding
* Says existing Viasystems shareholders will own approximately 80.5 percent of
the combined company
* Says combined company will have approximately 13,000 employees
* Says completion of the transaction is expected by the end of calendar year
2009
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Viasystems and Merix agree to merge
* About 98 percent of holders of Merix $70 million convertible senior notes due
2013 agreed to enter into an exchange agreement
* Says the cash consideration will be financed by Viasystems' existing cash on
hand
* Says new Viasystems shares are expected to publicly trade on the NASDAQ in
place of existing Merix shares
* Says each Merix share will be converted into approximately 0.11 newly issued
shares of Viasystems
* Says combined company will be led by Viasystems' current chief executive
officer, David Sindelar
* Says following transaction approximately 20 million newly issued Viasystems
shares will be outstanding
* Says existing Viasystems shareholders will own approximately 80.5 percent of
the combined company
* Says combined company will have approximately 13,000 employees
* Says completion of the transaction is expected by the end of calendar year
2009
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.