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.

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