International Antitrust Filing Periods Expire in Proposed Merger of Fargo and HID
20 Juillet 2006 - 2:23AM
Business Wire
Fargo Electronics, Inc. (NASDAQ:FRGO) announced that the antitrust
filing periods in the foreign countries reviewing the proposed
merger between Fargo and ASSA ABLOY's HID Global Corporation have
expired without challenge, ending the antitrust review of the
proposed merger. Fargo previously announced that on June 22, 2006
the staff of the Federal Trade Commission granted Fargo the early
termination of the Hart Scott Rodino Act waiting period, ending its
review of the proposed merger. Fargo will hold a Special Meeting of
Shareholders on August 3, 2006 to allow shareholders to vote on the
proposed merger. About Fargo Founded in 1974, Fargo Electronics is
a global leader in the development of secure technologies for
identity card issuance systems, including secure card
printer/encoders, materials and software. The company has sold more
than 120,000 systems in the U.S. and over 80 other countries
worldwide. Fargo card issuance systems reduce vulnerabilities and
potential for loss of time, money and lives by continually
improving the security of identity credentials. Fargo provides
physical, information, and transaction security for a wide variety
of applications and industries, including government, corporate,
national IDs, drivers' licenses, universities, schools and
membership. Based in Minneapolis, MN., Fargo markets its products
through a global distribution network of professional security
integrators. For more information about Fargo, visit www.fargo.com.
Fargo (NASDAQ:FRGO)
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