Boonton Electronics Announces Merger Agreement.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--March 3, 2000 Boonton Electronics Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : BOON) announced the execution of a merger agreement with Wireless Telecom Group, Inc. (AMEX AMEX See: American Stock Exchange Symbol: WTT WTT Want To Trade WTT World Team Tennis WTT Well-To-Tank WTT White Trailer Trash (gaming clan) WTT Weapon Tactics Trainer WTT Web Technology Training (Alcan Aluminum Corporation) WTT Wyoming Travel & Tourism ) whereby Boonton Electronics will become 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 WTT. Under the terms of this agreement, each outstanding share of Boonton common stock will be converted into 0.79 shares of WTT common stock on the closing date. The merger is expected to be completed before the end of June and is subject to Boonton stockholder approval, as well as other customary conditions and requirements. Boonton Electronics has manufactured test equipment dedicated to measuring the power of RF and microwave systems used in both the military and commercial sectors for more than 50 years. The company also manufactures impedance measuring instruments, RF voltmeters, and modulation analyzers, as well as audio analyzers. Boonton Electronics' products are used to test terrestrial and satellite communications, radar, telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. , and personal communications products. It is headquartered in Parsippany, New Jersey. Wireless Telecom Group, Inc., is a global provider of noise generators used in the telecommunications field. It is headquartered in Paramus, NJ. Wireless Telecom will be filing a registration statement, which will contain a prospectus of Wireless Telecom and a proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. of Boonton, and other documents with the Securities and Exchange Commission. Investors and security holders are urged to read the documents and any other relevant documents filed with the Securities and Exchange Commission when they become available. Investors and security holders will be able to obtain copies of the filed documents free of charge at the SEC's website, www.sec.gov. or from Boonton Electronics, 25 Eastmans Road, P.O. Box 465, Parsippany, New Jersey 07054-0465, Attention: President. |
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