Boonton Electronics executes letter of intent with GMME.PARSIPPANY, N.J.--(BUSINESS WIRE)--Sept. 29, 1995--On Sept. 25, 1995, the board of directors of Boonton Electronics Corp. (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 OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : "BOON") executed a Letter of Intent with General de Mesure et de Maintenance Electronique S.A. (GMME GMME Groupe de Météorologie à Moyenne Échelle ), agreeing in principal to accept GMME's offer to purchase up to 70% of all of the outstanding shares of common stock of the company for $3.50 a share U.S. The offer is conditioned upon, among other things, at least 51% of the outstanding shares on a fully diluted basis of the company being properly tendered and not withdrawn, by midnight New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Dec. 30, 1995. For more information, contact Boonton Electronics Corp., 25 Eastmans Road, P.O. Box 465, Parsippany, N.J. 07054-0465, or call 201/386-9696; fax 201/386-9191. CONTACT: Boonton Electronics Corp. John Titterton, 201/386-9696 |
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