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Article: Computer Products, Inc. And Zytec Corporation Announce Plans To Merge Creating One Of The World's Leading Power Supply Companies.
- Article from:
- Business Wire
- Article date:
- September 3, 1997
CopyrightCOPYRIGHT 1997 Business Wire. 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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BOCA RATON, Fla.--(BUSINESS WIRE)--Sept. 3, 1997--
Companies Combine to Further Capitalize on Opportunities
in the Communications Industry
Computer Products Inc. (Nasdaq NM:CPRD) and Zytec Corporation (Nasdaq NM:ZTEC), two of the largest companies in the power supply industry, today announced that their respective boards of directors have unanimously approved a definitive agreement to merge and become one of the world's leading providers of power supplies and power systems for the communications market.
Based on the closing price of Computer Products' common stock on August 29, 1997, the transaction is valued in ...