Wednesday June 23, 11:30 am Eastern Time
Company Press Release
SOURCE: ACT Manufacturing, Inc.
ACT Manufacturing, Inc. Announces Form S-4 Registration Statement
Filed With SEC
HUDSON, Mass., June 23 /PRNewswire/ -- ACT Manufacturing, Inc.
(Nasdaq: ACTM) today announced that a Form S-4 Registration Statement
has been filed with the Securities and Exchange Commission and that
July 29, 1999 has been set as the special meeting date for approval of
the merger agreement between ACT Manufacturing, Inc. and CMC
Industries, Inc. by the respective shareholders of the companies. The
merger is subject to the approval of shareholders of both companies,
as well as other customary regulatory and other closing conditions.
ACT Manufacturing, Inc., headquartered in Hudson, Massachusetts,
provides value added electronics manufacturing services for original
equipment manufacturers (''OEMs'') in the networking, computer,
telecommunications, industrial and medical equipment markets. The
Company provides OEMs with complex printed circuit board (''PCB'')
assembly primarily utilizing advanced surface mount technology
(''SMT''), mechanical and molded cable and harness assembly, electro-
mechanical subassembly, and total system assembly and integration. For
further information, visit ACT's home page at actmfg.com .
Headquartered in Santa Clara, California, CMC Industries, Inc. is a
leading provider of electronics manufacturing services to original
equipment manufacturers in the telecommunications, computer and
electronics industries. The Company has operations in Corinth, MS;
Santa Clara, CA; Hermosillo, MX; Huntsville, AL and Taipei, Taiwan.
For further information, visit CMC's home page at cmcmfg.com .
This press release contains forward-looking statements subject to
risks and uncertainties that could cause actual results to differ
materially from those anticipated, including statements concerning the
merger and the plans, objectives and expectations of management. Those
risks and uncertainties include, among others: the risk of not
integrating the CMC business successfully; the inability to achieve
expected synergies; costs associated with the merger; the inability to
close the merger in a timely fashion; the inability to obtain approval
of CMC's stockholders; the inability to obtain governmental approvals
for the merger; the effectiveness of managing manufacturing processes;
increased competition and its effects on pricing, revenues and gross
margins, and its customer base; future customer demand; the Company's
ability to timely complete, configure and ship products; and changes,
reductions, delays or cancellations of customer orders. In addition,
the Company's business and results of operations are subject to
numerous additional risks and uncertainties, including the short-term
nature of customer orders, customers' announcements and introduction
of new products or new generations of products, evolutions in the life
cycles of customers' products, inventory obsolescence, currency
exchange rate movements, trends in the electronics industry and
changes or anticipated changes in economic conditions. For a more
detailed discussion of the risks and uncertainties of the Company's
business, please refer to the Company's periodic reports and
registration statements filed with the Securities and Exchange
Commission, including the Company's annual report on Form 10-K for the
period ended December 31, 1998.
SOURCE: ACT Manufacturing, Inc. |
