Alert Centre Inc. and ADT Limited execute merger agreement.DENVER--(BUSINESS WIRE)--Nov. 8, 1995--Alert Centre Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :ALT (character) alt - /awlt/ 1. The alt modifier key on many keyboards, including the IBM PC. On some keyboards and operating systems, (but not the IBM PC) the alt key sets bit 7 of the character generated. See bucky bits. 2. ) announced earlier today that it will be acquired by ADT (Asynchronous Data Transfer) A transmission technique used in ISDN PBXs that dynamically allocates bandwidth. See also abstract data type. ADT - abstract data type Acquisition, an indirect 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 ADT Limited (NYSE NYSE See: New York Stock Exchange :ADT) pursuant to the terms of a definitive agreement and plan of merger. Pursuant to the merger agreement, following successful completion of the tender offer by ADT Acquisition for all of Alert's outstanding common stock, ADT Acquisition will merge with Alert and each remaining share of Alert common stock will be converted into the right to receive $9.25 in cash. Pursuant to the terms of the warrant agreement which is on file with the Securities and Exchange Commission, all outstanding public warrants to purchase common stock of Alert will expire upon the effective time of the merger. In accordance with the terms of the warrant agreement, the company intends to send official notice of the merger and the resulting expiration of the public warrants upon the effective time to all registered holders of the public warrants at least 10 days before the effective time. CONTACT: Alert Centre Inc., Denver Brian E. Johnson, 303/488-7900 |
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