Benthos Announces Approval of Teledyne Merger Agreement.NORTH FALMOUTH, Mass. -- BENTHOS benthos: see marine biology. , INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 : BTHS BTHS Brooklyn Technical High School BTHS Barth Syndrome BTHS Bartram Trail High School (Jacksonville, Florida) BTHS Brick Township High School (New Jersey) ), a leader in the manufacture of oceanographic products and package inspection systems, announced today that the merger agreement providing for the merger of Benthos with a wholly-owned subsidiary of Teledyne Technologies Incorporated (NYSE NYSE See: New York Stock Exchange :TDY TDY abbr. temporary duty ) was approved at the Special Meeting of Shareholders of Benthos held today in Falmouth, Massachusetts Falmouth is a town in Barnstable County, Massachusetts, Barnstable County being coextensive with Cape Cod. The population was 32,660 at the 2000 census. Today Falmouth is well known as the terminal for the Steamship Authority ferries to Martha's Vineyard and as the home of several . Approximately 1,550,594 shares, or 73.6% of the issued and outstanding shares of Benthos, voted to approve the merger agreement. Benthos contemplates that the merger will be consummated prior to the end of business today. About Benthos Benthos, Inc. manufactures oceanographic products and package inspection systems through its two divisions. The Undersea Systems Division has developed a number of products based on its established acoustic technology for energy markets, governmental entities, the port and harbor security segment of the homeland defense market, and other commercial markets. The Package Inspection Systems Division, also referred to as the TapTone(R) Division, has developed quality control equipment for flexible plastic, glass and other packaging used in the beverage, food and pharmaceutical markets. About Teledyne Teledyne Technologies Incorporated is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies' website at www.teledyne.com. Forward Looking Statements The statements in this news release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc plans, strategies, economic performance and trends and other statements that are not descriptions of historical facts are "forward-looking statements" within the meaning of the Federal Securities Laws. The Company believes that such statements are reasonable and are based on the beliefs of the Company's management as well as assumptions made by and information currently available to Company management. However, actual results could differ materially from those currently anticipated due to a number of factors that include: the timing of large project orders, competitive factors, shifts in customer demand, government spending, economic cycles, regulatory changes and other factors. More information about these factors is contained in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described herein. The Company does not undertake and expressly disclaims any obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. |
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