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Article: TOTAL CONTROL PRODUCTS ANNOUNCES PROPOSAL TO MERGE WITH NEMATRON CORPORATION
- Article from:
- PR Newswire
- Article date:
- November 11, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELROSE PARK, Ill., Nov. 10 /PRNewswire/ -- On Oct. 27, 1994, Total Control Products, Inc. ("Total Control") delivered a letter of intent to Paul Horst, chief executive officer of Nematron Corporation ("Nematron"), proposing to enter into a friendly merger with Nematron, pursuant to which Total Control would be the surviving entity and the shareholders of Nematron would receive $2.50 in cash for each share of Nematron that they own and Total Control would refinance Nematron's existing bank debt. The consummation of the merger is subject to the receipt of all requisite corporate approvals from Nematron, including the consent of Nematron's Board of Directors and Stockholders, ...
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