Telmar Network Technology and Somera Communications Announce Somera Stockholder Approval of Merger
August 31 2006 - 1:45PM
PR Newswire (US)
DALLAS, Aug. 31 /PRNewswire-FirstCall/ -- Somera Communications,
Inc. (NASDAQ:SMRA) and Telmar Network Technology announced today
that the stockholders of Somera Communications have approved the
merger between Somera and Telmar. The companies have also received
all necessary regulatory approvals for the merger. The transaction
is expected to close by September 5, 2006. As a result, each share
of Somera Communications' common stock will be converted into the
right to receive $4.60. The combination of Telmar and Somera
creates a telecom asset management company with a significant
portfolio of products and services. The company will focus on
providing the telecom market with reliable, high-quality, and
cost-effective solutions for network maintenance, expansion and
asset management. Included in the products and services portfolio
will be a blend of new and certified legacy telecom equipment,
multi-vendor repair capabilities as well as Somera's
RecoveryPLUS(TM) asset management program. The merger creates one
of the largest companies in the telecom asset management industry
with more than 400 employees serving customers in 25 countries.
Contact: Tony Rossi Investor Relations for Somera Communications,
Inc. Financial Relations Board 310-854-8317 DATASOURCE: Somera
Communications, Inc. CONTACT: Investor Relations, Tony Rossi of
Financial Relations Board, +1-310-854-8317, for Somera
Communications, Inc.
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