|
|
Article: Digital Lightwave to Become a Privately Held Corporation.
- Article from:
- Business Wire
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 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)
|
CLEARWATER, Fla. -- Digital Lightwave, Inc. (OTCBB:DIGL), a leading provider of optical networking test equipment and technology, today announced a group of stockholders controlling 91.1% of its outstanding shares, yesterday filed a Schedule 13E-3 with the Securities and Exchange Commission disclosing that such stockholders will cause Digital Lightwave, Inc. ("Digital Lightwave") to merge with a newly formed corporation, Optel Acquisition Corp. ("OAC"), in a "going private" transaction. The ultimate result of this transaction is that Digital Lightwave, Inc. will emerge as privately held corporation. Under Delaware law, the transaction does not require the approval of ...