Now all they need are our shares. Not getting mine unless they up the price, and all options grants to management are withdrawn.
HOLD YOUR SHARES!
GEC Announces Completion of Exon-Florio Review for FORE Systems Acquisition
June 10, 1999 09:01 AM
NEW YORK, June 10 /PRNewswire/ -- The General Electric Company, p.l.c. announced today that with regard to its acquisition of FORE Systems, Inc. FORE , the Committee on Foreign Investment in the United States (CFIUS) has completed its review process, pursuant to the Exon-Florio Act. Accordingly, the condition to the acquisition relating to Exon-Florio has been satisfied.
No other governmental or regulatory clearances remain as a condition to the completion of the tender offer by GEC's wholly owned subsidiary, GEC Acquisition Corp., for the purchase of all the outstanding shares of common stock of FORE Systems at $35 per share.
The offer and withdrawal rights are scheduled to expire at 12:00 midnight, New York City time, on Monday, 14th June, 1999, unless further extended.
The General Electric Company, p.l.c. in not affiliated with the similarly named company which is based in the United States.
SOURCE General Electric Company, p.l.c.
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