Continental Circuits Corp. Announces Expiration of HSR Period.PHOENIX--(BUSINESS WIRE)--March 17, 1998--Continental Circuits Corp. (Nasdaq:CCIR See ITU. ) announced that the Hart-Scott-Rodino Act Hart-Scott-Rodino Act Often used in risk arbitrage. Antitrust act administered by U.S. Department of Justice and the FTC that requires an investor to file a form with the government before he acquires an economic interest in the lesser amount of $15 million or 15% of the waiting period applicable to Hadco Corp.'s (Nasdaq:HDCO HDCO Hongydraw's Cartoon Orbit (website) ) cash tender offer for the voting securities of Continental Circuits expired on March 14, 1998. Hadco is the largest manufacturer of advanced electronic interconnect products 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. . The company offers a wide array of sophisticated manufacturing, engineering and systems integration services to meet customers' electronic interconnect needs. Its principal products are complex multilayer rigid printed circuits and backplane An interconnecting device that has sockets for printed circuit boards to plug into. Passive and Active Although resistors may be used, a "passive" backplane adds no processing in the circuit. assemblies. Hadco provides customers with a range of products and services that include development, design, quick-turn prototype, pre- production, volume products and backplane assembly. The company operates 10 facilities, with nine facilities in 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. and one in Malaysia. Continental Circuits manufactures complex, multilayered mul·ti·lay·ered adj. Consisting of or involving several individual layers or levels. circuit boards and flexible circuits used in sophisticated electronic equipment produced by leaders in the computer, communications, instrumentation and industrial control industries. -0- Except for the historical information contained in this news release there may be forward-looking statements that involve risks and uncertainties. Factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, general economic conditions, business conditions in the electronics industry, demand for the company's products, and other risks and uncertainties described in reports and other documents filed by the company from time to time with the Securities and Exchange Commission. CONTACT: Continental Circuits Corp., Phoenix Frederick G. McNamee III, 602/268-3461 Joseph G. Andersen, 602/268-3461 or Silverman Heller Associates Eugene Heller/Glenn Schoenfeld, 310/208-2550 |
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