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www.southgatearc.org
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Motorola have issued the following press release:
Motorola extends tender offer to acquire controlling interest in Vertex StandardMotorola, Inc. (NYSE: MOT) announced today that its subsidiary, MI, Inc., has extended the tender offer period in connection with its offer to acquire a controlling interest in Vertex Standard Co., Ltd. (JASDAQ: 6821) ("Vertex Standard"), a global provider of 2-way radio communication solutions. The tender offer period has been extended from December 26, 2007 to
January 15, 2008. The extension was required because an amendment to the
tender offer disclosure document has been filed announcing that all regulatory
approvals required for the completion of the transaction have As previously announced on November 5, 2007, Motorola will form a joint
venture with Tokogiken, a privately held Japanese company, controlled
by Jun Hasegawa, current president and CEO of Vertex Standard. Upon successful Vertex Standard is a leader within the Land Mobile Radio segment, where
the company continues to demonstrate particular brand strength in high
value, entry level solutions. The joint venture will develop and sell
Vertex Standard branded products and develop select Motorola branded The approximate number of shares of Vertex Standard Co., Ltd tendered to date is 1,230,000 shares, representing approximately 17% of the outstanding shares of Vertex Standard, which tendered shares do not include the shares owned and committed to be tendered by Tokogiken and Mr. Jun Hasegawa. There have been no stock acquisition rights tendered to date.
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