Leitch shareholders approve Harris transaction
2005-10-24TORONTO - Leitch Technology Corporation (TSX: LTV) (the "Company" or "Leitch") announced today that its shareholders approved the acquisition of the outstanding common shares of the Company by Harris Corporation ("Harris") at its Special Meeting of Shareholders held this morning. Over 77% of the votes cast by Leitch shareholders were in favour of the arrangement transaction involving Leitch and Harris (the "Arrangement"). Under the terms of the Arrangement, Leitch shareholders will receive $14.00 in cash for each common share of Leitch.The Arrangement is expected to be completed following the receipt of a final order of the Ontario Superior Court of Justice. The Company will seek final court approval on the Arrangement on Tuesday, October 25, 2005.About Leitch TechnologyAn industry leader for more than 30 years, Leitch Technology provides high-performance, multi-format solutions for professional digital video. Through its two business segments - Digital Media and Infrastructure - Leitch offers standard-definition/high-definition (SD/HD) products and systems that enable media companies to streamline workflow from production through transmission. Leitch offers a comprehensive, award-winning portfolio of processors, routers, servers, graphics and editing solutions, master control and branding systems, digital signage, network monitoring and control software, and test and measurement instruments, along with premium customer support.
Source: http://www.monitortoday.com/
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