Advance Circuits, Inc. merger with Johnson Matthey Public Limited Company is consummated.NEW YORK--(BUSINESS WIRE)--October 6, 1995--Johnson Matthey Public Limited Company and Advance Circuits, Inc. announced today that the merger of a subsidiary of Johnson Matthey Johnson Matthey plc (LSE: JMAT) is a British chemical company which has its headquarters near Holborn in central London. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index. into Advance Circuits has been consummated and that Advance Circuits is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Johnson Matthey. Each former share of Advance Circuits has been converted, subject to dissenters' rights, into the right to receive $22.50 in cash, without interest. Johnson Matthey and Advance Circuits said that letters of transmittal for use in surrendering share certificates for payment have been mailed today to former Advance Circuits shareholders. Johnson Matthey, a United Kingdom public company, is a world leader in advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, technology. Its principal businesses are the production of electronic materials, specialty chemicals and pharmaceutical compounds; the manufacture of catalysts and pollution control systems; the refining, fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and marketing of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. and the manufacturing of decorative and specialized materials for the ceramics, plastics, paint, ink and construction industries. Johnson Matthey has operations in 29 countries and employs 6,000 people. Its products are sold across the world to a wide range of advanced technology industries. In the fiscal year ended March 31, 1995, Johnson Matthey's sales totaled approximately $3.5 billion. Advance Circuits, Inc. is a leading interconnect solution provider whose products include complex multilayer printed circuit boards, flexible circuit assemblies, semiconductor packages and other manufacturing services. CONTACT: Gavin Anderson & Company Linda Smith Linda Smith is the name of:
(212) 373-0232 or Johnson Matthey PLC Phone: 011 44 171 269 8400 |
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