CHESTNUT RIDGE, N.Y.,
Aug. 2, 2012 /PRNewswire/
-- LeCroy Corporation (NASDAQ: LCRY) ("LeCroy") announced that
at the special meeting of LeCroy stockholders held today, LeCroy's
stockholders voted to approve the adoption of the previously
announced Agreement and Plan of Merger, dated May 28, 2012 by and among Teledyne Technologies
Incorporated ("Teledyne"), Luna Merger Sub, Inc., a wholly-owned
subsidiary of Teledyne, and LeCroy.
The affirmative vote of the holders of a majority of the
outstanding shares of LeCroy's common stock was required to approve
the proposal to adopt the merger agreement. According to the final
tally of shares voted, approximately 85% of the outstanding shares
of LeCroy's common stock as of the close of business on the record
date of July 3, 2012 were voted to
approve the proposal to adopt the merger agreement. A quorum of
approximately 85% of LeCroy's total outstanding shares of common
stock as of the July 3, 2012 record
date voted at the special meeting.
The proposed merger was announced on May
29, 2012 and is expected to close on August 3, 2012.
About LeCroy Corporation
LeCroy Corporation is a worldwide leader in serial data test
solutions, creating advanced instruments that drive product
innovation by quickly measuring, analyzing and verifying complex
electronic signals. LeCroy offers high-performance oscilloscopes,
serial data analyzers and global communications protocol test
solutions used by design engineers in the computer, semiconductor
and consumer electronics, data storage, automotive and industrial,
telecommunications and military and aerospace markets. LeCroy's
48-year heritage of technical innovation is the foundation for its
recognized leadership in "WaveShape Analysis" - capturing, viewing
and measuring the high-speed signals that drive today's information
and communications technologies. LeCroy is headquartered in
Chestnut Ridge, New York. Company
information is available at www.lecroy.com.
Forward-Looking Information Cautionary Notice
This press release contains forward-looking statements, as
defined in the Private Securities Litigation Reform Act of 1995,
with respect to management's beliefs about the closing of the
merger. Forward-looking information involves risks and
uncertainties, is based on the current expectations of the
management of LeCroy and is subject to uncertainty and changes in
circumstances. Forward-looking information includes, without
limitation, statements typically containing words such as
"intends", "expects", "anticipates", "targets", "estimates" and
words of similar import. By its nature, forward-looking information
is not a guarantee of future performance or results and involves
risks and uncertainties because it relates to events and depends on
circumstances that will occur in the future. Actual results could
differ materially from this forward-looking information. Certain
factors that could affect LeCroy's business are discussed in
LeCroy's Annual Report for the fiscal year ended July 2, 2011
and LeCroy's Quarterly Reports on Form 10-Q for the periods ending
October 1, 2011, December 31, 2011 and
March 31, 2012. LeCroy does not undertake any obligation to
publicly update or revise any forward-looking information, whether
as a result of new information, future events or otherwise.
Investor
Contact:
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Sean B.
O'Connor
|
|
LeCroy
Corporation
|
|
(845)
425-2000
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SOURCE LeCroy Corporation