CompuCom Announces Completion of Acquisition of Computer Integration Corporation.DALLAS--(BUSINESS WIRE)--May 13, 1998--CompuCom Systems, Inc. (Nasdaq:CMPC CMPC Classified Matter Protection and Control CMPC Compañia Manufacturera de Papeles y Cartones S.A. CMPC Cisco Multi-Path Channel CMPC Children's Media Policy Coalition CMPC Central Milk Producers Cooperative CMPC Connecticut Minority Purchasing Council ), a leading network integration company, announced today the completion of its acquisition of Computer Integration Corp. (Nasdaq:CICC CICC Custom Integrated Circuits Conference CICC Center for the Improvement of Child Caring (Studio City, CA) CICC China International Capital Corp. ). Under the terms of the transaction, all CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. shareholders will receive $0.724 per share in cash from CompuCom upon surrender of the certificates for their shares to the Disbursing Agent appointed for that purpose. An additional $0.196 per share has been deposited in an interest-bearing escrow fund and any amount remaining in the escrow fund after the payment of certain potential post-closing adjustments will be paid to the shareholders of CIC approximately one year after closing. A Notice of Merger and Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. for surrendering shares will be mailed to holders of record of CIC in a few days, CompuCom said. "We have been working closely with CIC's management to ensure a smooth transition," said Ed Anderson, CompuCom's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "As of today, most of the back office integration is essentially complete, as we have assumed responsibility for configuration and distribution, marketing, purchasing and finance." CompuCom Systems, Inc., headquartered in Dallas, Texas, is a leading worldwide provider of network integration services. CompuCom's services include LAN/WAN LAN/WAN Local Area Network/Wide Area Network projects, consulting, asset tracking, network management, help desk, field engineering, configuration, software management, distribution and procurement. CompuCom is accessible via the Internet at www.compucom.com. This press release contains certain forward-looking statements regarding revenues, margin, earnings, growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and certain business trends that involve risks and uncertainties that could cause actual results to differ materially from the results discussed herein. Recipients of this press release are cautioned to consider these risks and uncertainties and to not place undue reliance on these forward-looking statements. CONTACT: CompuCom Systems, Inc., Dallas Mary Thiele, 972/856-5365 E-mail: mthiele@compucom.com |
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