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Article: GE FANUC EMBEDDED SYSTEMS TO ACQUIRE SBS TECHNOLOGIES.

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AsiaPulse News
Article date:
March 21, 2006
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CHARLOTTESVILLE, Va. & ALBUQUERQUE, N.M., (BUSINESS WIRE) March 20, 2006 - GE Fanuc Embedded Systems, a unit of General Electric Company (NYSE:GE), and SBS Technologies(R), Inc. (Nasdaq:SBSE) announced today that GE Fanuc Embedded Systems has agreed to acquire SBS Technologies, a designer of open architecture embedded computer products that enable original equipment manufacturers to serve commercial, communication and government customers.

Pursuant to the transaction, SBS Technologies shareholders will receive $16.50 per share payable in cash, for a total consideration of approximately $215 million, net ...

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