AFC Cable Systems Extends Termination Date of Merger Agreement With Thomas & Betts.PROVIDENCE Providence, city (1990 pop. 160,728), state capital and seat of Providence co., NE R.I., a port at the head of Providence Bay; founded by Roger Williams 1636, inc. as a city 1832. , R.I.--(BUSINESS WIRE)--July 1, 1999-- AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. Cable Systems, Inc. (NASDAQ/AFCX) today announced, following a special meeting of its board of directors, that it has granted the request for an extension of a merger agreement termination date termination date, n See expiration date. with Thomas & Betts Corporation (NYSE/TNB) to August 30, 1999. The Company said it had granted the extension of the original June 30, 1999 termination date to allow the Securities and Exchange Commission to complete its review of the proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other and to permit meetings of shareholders of both companies to act on the proposed transaction. The Company also announced that it has received a second unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective written proposal from a third party to acquire AFC Cable Systems. This proposal is in addition to the third party proposal the Company announced on June 14, 1999. AFC Cable Systems said its board of directors has engaged a financial advisor and is evaluating both proposals. AFC Cable Systems is a leading manufacturer of cost and labor-saving electrical and communication products and systems used primarily in construction and renovation of nonresidential buildings. |
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