Acquisition of Coreco Completed.MONTREAL -- Coreco Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CRC (Cyclical Redundancy Checking) An error checking technique used to ensure the accuracy of transmitting digital data. The transmitted messages are divided into predetermined lengths which, used as dividends, are divided by a fixed divisor. ) today announced that DALSA Corporation has successfully acquired all of its issued and outstanding securities pursuant to the previously announced Plan of Arrangement. Coreco shareholders will receive for each common share of Coreco, at their election either: (a) 0.5207 of a DALSA common share; (b) $10.00 in cash; or (c) a combination of cash and DALSA common shares, subject to a maximum of $35 million in cash available for election. Upon closing DALSA issued approximately 1.9 million DALSA common shares and paid $35 million in cash for 100% of the Coreco common shares.Due to pro-ration, shareholders who elected to receive cash will receive a cash payment of approximately $7.44 cash per share and 0.13 of a DALSA common share for each Coreco common share. Shareholders who did not elect cash or elected share consideration will receive 0.5207 of a DALSA common share for each Coreco common share.The total consideration paid by DALSA was approximately $73.4 million, comprised of $35 million in cash and the issue by DALSA of an aggregate of approximately 1.9 million DALSA common shares. About Coreco Coreco Inc. is a leader in the design, development, manufacturing and marketing of hardware and software that help enhance the productivity, quality and cost-competitiveness of manufacturing processes.The Company serves two target markets: Original Equipment Manufacturers (OEMs) and End-users.The OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and group provides a full range of frame grabbers A device that accepts standard TV signals and digitizes the current video frame into a single, bitmapped still image. Frame grabbers can be stand-alone devices that plug into a port on the computer or a function built into the video capture board or display adapter. , embedded Inserted into. See embedded system. products and accompanying software for integration in high-performance machine vision applications in the industrial vision, medical imaging, multimedia and surveillance markets.The Intelligent Products group (IPD IPD Institut für Programmstrukturen und Datenorganisation IPD Investment Property Databank (UK) IPD Integrated Product Development IPD Intellectual Property Department IPD Invasive Pneumococcal Disease IPD Implicit Price Deflator ) specializes in providing user-friendly, cost-effective vision appliances for task-specific factory floor applications, such as gauging, high-precision alignment, inspection, assembly verification and machine guidance.Coreco employs a staff of 140 people and has operations in Montreal (QC), Vancouver (BC), and Boston (MA), with additional sales offices in Cleveland (OH), San Juan Capistrano San Juan Capistrano (săn wän kăpĭsträ`nō), city (1990 pop. 26,183), Orange co., S Calif.; inc. 1961. San Juan Capistrano has some manufactures, including aircraft parts, medical apparatus, and boats, but the economy is (CA) and Tokyo (Japan). Coreco Inc. (TSX:CRC) |
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