ANTEC Corp. and TSX Corp. announce discussions regarding possible combination.ROLLING MEADOWS Rolling Meadows, city (1990 pop. 22,591), Cook co., NE Ill., a suburb of Chicago; inc. 1955. There is research and development and the manufacture of office supplies and electronic components. , Ill., and EL PASO, Texas--(BUSINESS WIRE)-- Oct. 2, 1996--ANTEC Corporation (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 : ANTC ANTC Advanced Networking Test Center ANTC Alliance for a New Transportation Charter ANTC Adjusted Net Tax Capacity ANTC Antennapedia Complex ANTC Advanced National Technical Certificate (Nigeria) ANTC Anticipated Net Tax Capacity ) and TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Corporation (NASDAQ: TSXX) announced today that they are discussing a combination of their companies through the conversion of each share of TSX Corporation common stock into 1.05 shares of ANTEC Corporation common stock. Such a combination would be subject to the execution of a definitive agreement, the approval of each company's board of directors and the satisfaction of conditions in the definitive agreement, which will include among other things, the approval of the stockholders of each company. The transaction would be accounted for as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . The companies do not intend to make any further announcements regarding the combination unless and until a definitive agreement is executed. ANTEC Corporation (http://www.antec.com) is an international communications technology company, headquartered in Rolling Meadows, Ill., that specializes in the design and engineering of broadband networks and the manufacturing, materials management and supply of products for fiber and coaxial broadband networks. Headquartered in El Paso, Texas, TSX Corporation (http://www.tsx.com), through its Texscan subsidiary, is a leading manufacturer of CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. fiber optic and RF distribution electronics and electronic advertising insertion equipment. CONTACT: ANTEC Corp., Rolling Meadows James A. Bauer, 847/439-4444 or TSX Corp., El Paso Harold C. Tamburro, 915/543-4815 |
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