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BEI ELECTRONICS HALTS NEGOTIATIONS TO ACQUIRE ORTHOPEDIC SYSTEMS INC.

BEI ELECTRONICS HALTS NEGOTIATIONS TO ACQUIRE ORTHOPEDIC SYSTEMS INC.
 SAN FRANCISCO, March 24 /PRNewswire/ -- BEI Electronics Inc. (NASDAQ: BEII), a San Francisco-based diversified technology company, today announced that it has terminated negotiations to acquire Orthopedic Systems Inc., a Hayward, Calif. medical specialty company.
 BEI said it had signed a memorandum of understanding in October 1991, to acquire 81 percent of the outstanding stock of Orthopedic Systems for cash and promissory notes. The transaction was subject to negotiation of a definitive agreement and approval by the boards of directors of both companies.
 BEI designs, manufactures and markets motion control systems and components, rate sensors, accelerometers, inertial measurement systems, precision potentiomenters, pressure transducers, high performance fluid controls and systems and electronic and ordnance systems for use in commercial, industrial, medical, military and aerospace applications. For fiscal 1991 BEI reported sales of $146 million.
 -0- 3/24/92
 /CONTACT: Lawrence W. Parrish of BEI Electronics Inc., 415-956-4477/
 (BEII) CO: BEI Electronics, Inc. ST: California IN: CPR SU: TNM


DG-RM -- SF005 -- 1176 03/24/92 14:50 EST
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Publication:PR Newswire
Date:Mar 24, 1992
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