C-MAC Takes up and Pays for The Shares of DY 4 Systems Inc.Business Editors MONTREAL--(BUSINESS WIRE)--Nov. 24, 2000 C-MAC (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. .) (NYSE NYSE See: New York Stock Exchange :EMS) C-MAC Industries Inc. ("C-MAC") announces that over 95% of the Common Shares of DY 4 Systems Inc. ("DY 4 Systems") were tendered pursuant to its offer (the "Offer") of October 20, 2000 for all of the outstanding Common Shares of DY 4 Systems in exchange for Common Shares of C-MAC, thereby exceeding the condition that a minimum of 90 percent of the outstanding Common Shares be validly deposited under the Offer. The Offer expired at 5:00 p.m. (Montreal time) on November 24, 2000. C-MAC will take up and pay forthwith for all the Common Shares of DY 4 Systems tendered pursuant to the Offer. C-MAC now intends to exercise its right of compulsory acquisition under the Business Corporations Act (Ontario) to acquire the remaining Common Shares not tendered under the Offer. It is expected that an application will thereafter be made to The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. to delist the Common Shares of DY 4 Systems. ABOUT C-MAC C-MAC is a leading internationally diversified designer and manufacturer of integrated electronic manufacturing solutions, from components to full systems, primarily serving the communications, automotive, instrumentation, defense and aerospace equipment markets worldwide. C-MAC services also include product design, supply chain management, and assembly and testing. C-MAC, headquartered in Montreal (Quebec, Canada), employs more than 8,800 employees and operates 47 manufacturing facilities located in Belgium, Canada, China, France, Germany, India, Mexico, the United Kingdom and 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. . C-MAC's manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. are supported by six strategically located design centers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. C-MAC (CMS) stock is traded on The Toronto Stock Exchange and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (EMS). For additional information, visit our web site at http://www.cmac.com C-MAC has filed a registration statement on Form F-8, a tender offer statement on Schedule 14D-1F and two appointments of agent for service of process and undertaking on Form F-X (one in relation to Form F-8, and one in relation to Schedule 14D-1F) with the Securities and Exchange Commission ("SEC"). WE URGE INVESTORS TO READ THE RELEVANT DOCUMENTS THAT C-MAC HAS FILED AND WILL FILE WITH THE SEC REGARDING THE TAKEOVER BID Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares DESCRIBED ABOVE BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors will be able to obtain copies of the Form F-8, Schedule 14D-1F and the Forms F-X filed with the SEC from the SEC's Public Reference Room at 450 Fifth Street, N.W., Washington, D.C. 20549, Telephone (202) 942-8090, Fax (202) 628-9001, Email: publicinfo@sec.gov. In addition, documents (excluding any exhibits) filed with the SEC by C-MAC will be available free of charge from the Secretary of C-MAC at 1010 Sherbrooke Street West, Suite 1610, Montreal, Quebec, Canada H3A 2R7, Telephone: (514) 282-7629. Investors will also be able to obtain certain of the relevant documents at http://www.sedar.com. READ THE FINAL DOCUMENTS REGARDING THE TAKEOVER BID CAREFULLY BEFORE MAKING A DECISION CONCERNING THE TAKEOVER BID. |
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