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Article: Madge Networks N.V. Seeks Shareholder Approval for an Extension of Time to Prepare Its 2000 Financial Statements.
- Article from:
- Business Wire
- Article date:
- May 30, 2001
CopyrightCOPYRIGHT 2001 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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Business Editors/High-Tech Writers
AMSTERDAM, The Netherlands--(BUSINESS WIRE)--May 30, 2001
Madge Networks N.V. (NASDAQ NM: MADGF), a global network solutions provider, today announced that at its Annual General Meeting of Shareholders to be held on June 28, 2001, it will ask its shareholders, in accordance with Dutch law, for an extension of the time to prepare its 2000 annual financial statements because of the uncertainty at this time about certain assumptions and estimates relating to its subsidiary Madge.web that are needed to finalize the financial statements.
As previously announced, Madge Networks has determined to cease funding the ...