Advanced Machine Vision Corporation Receives Acquisition Proposal.Business Editors, High-Tech Writers MEDFORD, Ore.--(BUSINESS WIRE)--Feb. 7, 2000 Advanced Machine Vision Corporation (Nasdaq:AMVC AMVC Atrophia Maculosa Varioliformis Cutis, Familial AMVC Archief en Musem voor het Vlaamse Cultuurleven (Dutch) AMVC Adaptive Multi Variable Controller ) announced today that it had received an unsolicited proposal from FMC See fixed mobile convergence. Corporation to acquire AMV AMV Anime Music Video AMV Avian Myeloblastosis Virus AMV Alfalfa Mosaic Virus AMV Army Motor Vehicle AMV Assisted Mechanical Ventilation AMV Armored Maintenance Vehicle AMV Accredited Meter Verifier AMV Annulus Master Valve for $1.75 per share in cash. AMV has been in discussions with various parties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a transaction to maximize shareholder value, and has advised FMC that it will evaluate the FMC proposal in conjunction with other proposals presently under consideration. Advanced Machine Vision Corporation is a worldwide leader in the design, manufacture and sale of standard and CE-compliant vision systems used to control manufacturing processes through high-speed product inspection, and to identify and remove defects, resulting in production and quality yield rates superior to other process and control methods. AMV's operations are comprised of two wholly-owned subsidiaries, SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination." VISION, Inc. and Ventek, Inc., both utilizing proprietary image processing technologies. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties, such as the completion of any transaction with respect to an acquisition or merger, the Company's ability to sustain adequate customer order levels, the impact of economic conditions on our markets, the ability of the Company to successfully introduce new products, the possible negative impact of competitive products and/or pricing, the Company's ability to sustain a positive cash flow, the impact of the strengthening of U. S. currency on the Company's ability to compete effectively in the foreign markets and the effect of these and other factors on the market price of the Company's Common Stock. Investors are encouraged to review a more comprehensive listing of cautionary statements and risk factors contained in the Company's Forms 10-K and 10-Q SEC filings. Visit our web site at www.amvcorp.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion