Beta Phase Inc./Molex Inc. Schedule 13-D.MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--Beta Phase Inc., has been informed that Molex Inc. has filed an amendment to its Schedule 13-D which discloses that it is seeking to purchase, in privately negotiated transactions, all of the outstanding shares of Beta Phase's Series A and Series B Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , all of the 9% Unsecured Subordinated Convertible Promissory Notes promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt. and a certain 5% Secured Promissory Note from the holders of such securities (the "Other Investors") together with any other securities of Beta Phase held by such Other Investors. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. this disclosure, Molex currently contemplates that it will pay such holders of securities that are ultimately convertible into common stock, $0.5 per share of common stock, and the holders of a substantial percentage of the securities proposed to be purchased have agreed to the terms of such purchase. Molex further reports that it currently contemplates that if it is able to consummate To carry into completion; to fulfill; to accomplish. A Common-Law Marriage is consummated when the parties live in a manner intended to bring about public recognition of their relationship as Husband and Wife. the proposed transactions with the Other Investors, it would propose that Beta Phase engage in a merger or other transaction intended to provide substantially all remaining holders of Beta Phase common stock with a payment of $.05 in cash per share. No assurance can be given as to Molex's ability to consummate such transactions, or it consummated, the terms thereof. Beta Phase develops, manufactures and markets high-speed, high-density interconnection systems for supercomputer supercomputer, a state-of-the-art, extremely powerful computer capable of manipulating massive amounts of data in a relatively short time. Supercomputers are very expensive and are employed for specialized scientific and engineering applications that must handle very , computer, medical, instrumentation, aerospace and military electronics applications. Located in Menlo Park, Beta Phase is recognized as a pioneer and innovator in electronic connector technology. CONTACT: Beta Phase Inc. Earl Zeigler, 415/688-7400 |
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