C.P. Clare Explores Sale of Mexican Operations.BEVERLY, Mass.--(BUSINESS WIRE)--June 22, 1999-- C.P. Clare Corporation announced today that it has retained Needham & Company, Inc. as its investment bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. to explore a potential sale of its Electromagnetic Group operations, principally located in Mexico. The Company recently executed an exclusivity agreement with one party interested in a potential purchase of such operations. The Company will continue to adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. its policy of not commenting upon potential merger and acquisition activity until a definitive agreement is executed or discussions regarding such activities are terminated. C.P. Clare Corporation is a leader in the design and manufacture of high-voltage analog circuits. The Company's products enable communications by providing the critical interface between high-voltage electrical signals and the low-voltage electronics that process those signals. Leading manufacturers of data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , telecommunications and industrial equipment around the world rely on C.P. Clare for semiconductors and specialized electronic components. C.P. Clare trades on the 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 exchange under the symbol CPCL CPCL Chennai Petroleum Corporation Limited CPCL Computer Program Change Library CPCL Computer Program Control Library CPCL Component Prioritized Collection List . The Company is headquartered in Beverly, Mass., and has sales locations around the world with primary offices in Chicago, Ill.; Hasselt, Belgium; Taipei, Taiwan; and Tokyo, Japan. Information about C.P. Clare and its products is available at 978-524-6700 or on the Internet at http://www.cpclare.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion