TRADE COMMISSION REQUESTS INFORMATION ON FARGO ACQUISITION
VERNON HILLS, Ill., and EDEN PRAIRIE, Minn.
Zebra Technologies Corp. and Fargo Electronics Inc. announce they intend to comply with a request from the Federal Trade Commission for additional information under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) regarding Zebra’s planned acquisition of Fargo in a cash tender offer. The HSR waiting period will expire 10 days after Zebra and Fargo comply with the request.
Both companies announced the signing of a definite acquisition agreement July 31. On Aug. 3, Zebra began the tender offer for all of Fargo’s outstanding shares of common stock, including the associated rights to purchase preferred stock, for $7.25 per share. The tender offer is scheduled to expire at midnight Thursday unless the offer is extended. Following completion of the tender offer, and subject to certain conditions, Zebra will consummate a second-step merger in which all of the remaining Fargo stockholders will receive the same price paid in the tender offer.
Zebra Technologies manufacturers and distributes on-demand thermal bar code label printers and Eltron(r)-brand plastic card printers used in automatic identification, personalization and security applications. Fargo Electronics is a provider of desktop plastic card personalization systems.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.