Artesyn Comments on Unsolicited Proposal By Bel Fuse
September 09 2004 - 11:11PM
PR Newswire (US)
Artesyn Comments on Unsolicited Proposal By Bel Fuse BOCA RATON,
Fla., Sept. 9 /PRNewswire-FirstCall/ -- Artesyn Technologies, Inc.
(NASDAQ:ATSN) today acknowledged Bel Fuse Inc.'s (Nasdaq: BELFA;
BELFB) announcement that it has acquired approximately 5.2 percent
of Artesyn's outstanding common stock and that it has made an
unsolicited proposal to acquire each share of Artesyn common stock
for 0.265 of a share of Bel Fuse Class B non-voting common stock.
Artesyn's Board of Directors will review the Bel Fuse proposal to
determine the appropriate course which will serve the best
interests of Artesyn, its shareholders and other important
constituencies. Artesyn shareholders do not need to take any action
at this time. About Artesyn Technologies, Inc. Artesyn
Technologies, Inc., headquartered in Boca Raton, FL, is a world
leader in the design, manufacture and sale of power conversion and
single- board computing solutions for infrastructure applications
in telecommunications and data-communications systems. The products
are used in middle to high-end servers, data storage devices,
routers, hubs, high-speed modems, RF amplification systems, base
station controllers and transceivers. It has a global sales reach
with design and manufacturing facilities in Asia, Europe and North
America. Artesyn is a public company whose common stock is traded
on the Nasdaq stock market under the symbol ATSN. For more
information, please visit Artesyn's web site at
http://www.artesyn.com/. DATASOURCE: Artesyn Technologies, Inc.
CONTACT: Richard Thompson, Chief Financial Officer,
+1-561-451-1000, , or Pamela Rembaum, Director, Investor Relations,
+1-561-451-1028, , both of Artesyn Technologies, Inc.; or Judy
Wilkinson, or Sharon Goldstein, both of Joele Frank, Wilkinson
Brimmer Katcher, +1-212-355-4449, for Artesyn Technologies, Inc.
Web site: http://www.artesyn.com/
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