ACCLAIM AND LAZER-TRON AMEND MERGER TERMS.GLEN COVE Glen Cove, city (1990 pop. 24,149), Nassau co., SE N.Y., on the north shore of Long Island, at the entrance to Hempstead Harbor; settled 1668, inc. as a city 1918. , NY--(BUSINESS WIRE)--July 24, 1995--Acclaim Entertainment, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AKLM AKLM Acclaim Entertainment, Inc. (stock symbol) ) and Lazer-Tron Corporation (NASDAQ: LZTN) today announced that the Agreement and Plan of Merger, whereby Acclaim will acquire all the outstanding shares of Lazer-Tron in a stock for stock merger transaction, has been amended to reduce the merger consideration to be received by Lazer-Tron shareholders. Under the new terms See suggestions for new terms. , upon consummation of the Merger, each outstanding share of Lazer-Tron Common Stock will be exchanged for a fraction of a share of Acclaim Common Stock based on a valuation equal to $8.00 per share, such fraction of a share to be determined based on the average of Acclaim's Common Stock price for the 20 days ending on the close of the second day preceding the Lazer-Tron Special Shareholders Meeting date. The Special Meeting of Lazer-Tron shareholders originally to be held on July 21, 1995 was adjourned without a vote to July 24 and will be further adjourned until additional solicitation material can be sent to Lazer-Tron shareholders reflecting the reduced merger consideration. The Special Meeting is anticipated to be reconvened in August 1995. The reduction of the merger consideration was precipitated by a dispute between the parties as to whether certain conditions (including Lazer-Tron's financial performance and financial condition) of Acclaim's obligation to close had not been satisfied. The merger still remains subject to certain conditions typical in transactions of this type, including approval by the shareholders of Lazer-Tron. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Robert Holmes Robert Holmes may refer to: Politicians:
Lazer-Tron designs, develops, manufactures and markets a line of interactive, technologically advanced coin-operated ticket redemption games for use in family entertainment centers and other venues. Acclaim Entertainment, Inc., with offices in Canada, France, Germany, Japan, Spain and the United Kingdom, is a leading worldwide publisher of: software and peripherals for Nintendo, Sega, Sony, personal computer and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). hardware systems; and comic books This is a listing of comic books. See also List of comic creators. Argentina (historieta)
This is a list of arcade games organized alphabetically by name. It does not include computer or console games unless they were also released in video arcades. See Lists of video games for related lists. and operates blue screen and motion capture studios, as well as A.D.I., a global sales and distribution company for products from a variety of entertainment software publishers, including Acclaim, Digital Pictures, Domark, Interplay and Marvel. Acclaim, which recently formed a new company with Tele-Communications, Inc. for electronically distributed interactive entertainment, is publicly traded on the NASDAQ National Market System under the symbol AKLM. CONTACT: FOR LAZER-TRON: FOR ACCLAIM: Norman Petermeier (Financial): 510/460-0873 Anthony Williams Dawn Berrie (Media): Allyne Mills Dan Harnett 516/656-5000 |
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