TurboChef Technologies, Inc. (NASDAQ-GM: OVEN) announced that its stockholders voted at a special meeting today to approve the merger of TurboChef with The Middleby Corporation (NASDAQ-GSM: MIDD). Shares voted represented 72% of the total outstanding shares, and of which 99.5% voted in favor of the merger. The parties expect closing to occur on January 5, 2009. About TurboChef TurboChef Technologies, Inc. is a leading provider of equipment, technology and services focused on the high-speed preparation of food products for the worldwide commercial primary cooking equipment market and offers equipment for residential markets through the application of its high-speed cooking technologies, as well. TurboChef�s user-friendly speed cook ovens employ proprietary combinations of heating technologies to cook a variety of food products at speeds faster than, and to quality standards that it believes are comparable or superior to, that of conventional heating methods. The address of TurboChef�s principal executive offices is Six Concourse Parkway, Suite 1900, Atlanta, GA 30328. Visit TurboChef at www.turbochef.com. Forward-Looking Statements This document contains �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements relating to anticipated financial and operating results, the companies� plans, objectives, expectations and intentions and other statements including words such as �anticipate,� �believe,� �plan,� �estimate,� �expect,� �intend,� �will,� �should,� �may,� and other similar expressions. Such statements are based upon the current beliefs and expectations of the management of TurboChef and involve a number of significant risks and uncertainties. Actual results may differ materially from the results anticipated in these forward-looking statements. The following factors, among others, could cause or contribute to such material differences: failure to satisfy any of the conditions of closing; the risks that Middleby�s and TurboChef�s businesses will not be integrated successfully; the risk that Middleby and TurboChef will not realize estimated cost savings and synergies; costs relating to the proposed transaction; disruption from the transaction making it more difficult to maintain relationships with customers, employees, distributors or suppliers; the level of end market activity in Middleby�s and TurboChef�s commercial and residential market; access to capital, the competitive environment and related market conditions. Additional factors that could cause Middleby�s and TurboChef�s results to differ materially from those described in the forward-looking statements can be found in the 2007 Annual Report on Form 10-K of Middleby, the 2007 Annual Report on Form 10-K of TurboChef, and the registration statement, as amended, of Middleby on Form S-4 and the proxy statement of TurboChef relating to the merger filed with the Securities and Exchange Commission (the �SEC�) and other documents filed by Middleby and TurboChef, and available at the SEC�s Internet site (http://www.sec.gov). Neither Middleby nor TurboChef undertakes any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made.
Turbochef Technologies (MM) (NASDAQ:OVEN)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Turbochef Technologies (MM) Charts.
Turbochef Technologies (MM) (NASDAQ:OVEN)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Turbochef Technologies (MM) Charts.