Siemens announces mailing of offer and take-over bid circular to RuggedCom shareholders
BURLINGTON, ON, Feb. 8, 2012, 2012 (Canada NewsWire via COMTEX) --
Offer open for acceptance until 8:00 p.m. (EST) on March 15, 2012
Siemens Canada announced today that, through a wholly-owned subsidiary,
it has commenced its previously-announced offer to acquire all of the
outstanding common shares of RuggedCom Inc. ("RuggedCom") for $33.00
per share in cash (the "Offer") and mailed the Offer and take-over bid
circular to shareholders of RuggedCom.
The Offer will be open for acceptance until 8:00 p.m. (Toronto time) on
March 15, 2012 (the "Expiry Time"), unless extended, and is conditional
upon, among other things, customary regulatory approvals and there
having been validly deposited (and not withdrawn) at least 66(2/3)% of the outstanding common shares (on a fully-diluted basis at the
The full details of the Offer are contained in the take-over bid
circular of Siemens and the directors' circular of the RuggedCom board
of directors. Copies of the take-over bid circular and the directors'
circular are available online at www.sedar.com.
Computershare Investor Services Inc. is the depositary for the Offer.
Shareholders can obtain copies of the take-over bid circular and
related materials at no charge from the depositary, which can be
reached toll-free at 1-800-564-6253 or by email at email@example.com. The information agent for the Offer is Georgeson Shareholder
Communications Canada Inc. Inquiries should be directed to the
information agent toll-free at 1-866-374-9877 or by email at firstname.lastname@example.org.
About Siemens in Canada
For 100 years the innovative ideas from Siemens have helped make Canada
a better place. From the Atlantic to Pacific oceans, more than 4,400
employees in Canada work together to provide answers that last in the
fields of industry, energy and healthcare, as well as deliver
infrastructure solutions for cities. Since it was federally chartered
in August of 1912, Siemens has stood for technical achievements,
innovation, quality and reliability. Sales for Siemens in Canada in
fiscal 2011 (ended September 30), were $3.0 billion CAD. The company
has 61 offices and 13 manufacturing/assembly facilities across Canada.
Further information is available at www.siemens.ca.
About RuggedCom Inc.
RuggedCom is a leading provider of rugged communications networking
solutions designed for mission-critical applications in harsh
environments. RuggedCom's technology solutions include Ethernet
switches, network routers, wireless devices, serial servers, media
converters, software and professional services. RuggedCom's products
are designed for use in harsh environments such as those found in
electrical power substations and "Smart Grids", intelligent
transportation systems, industrial process control and military
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2012/08/c2670.html
SOURCE: Siemens Canada Limited
Siemens Canada Limited Communications and Strategy Media Relations Burlington,
Ontario Contact: Ann Adair Vice-President, Communications and Strategy
email@example.com (416) 567-7831
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