20th Jun 2006 10:28
Hon Hai Precision Industry Co Ld20 June 2006 HON HAI PRECISION INDUSTRY CO., LTD. Subject: Company Merges with Premier Image Technology Corp.(2394.TW)Statement: 1.Date of occurrence of the event:2006/06/20 2.Cause of occurrence:Company Merges with Premier Image 3.Any other matters that need to be specified: A) Share exchange ratio and basis of its calculation:3.9 ordinary share of Premier Image for 1 share of Hon Hai Precision. The ratio has yet to account for both sides' employee stock grant nor stock and cash dividends. Any corporate action should meet with appropriate adjustment to the ratio. B) Effect of the merger or consolidation on net worth per share and earnings per share:With synergistic effects, positive impact expected for both per share net worth and earning. C) Post merger, the combined entity will provide broader services to customers, further strengthening of eCMMS model and generate synergy in all areas to yield higher expected win-win to all shakeholders. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hon Hai Precsn