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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Anthony@Pacific who wrote (11926)11/7/1999 2:04:00 PM
From: peter michaelson  Read Replies (1) of 18998
 
On October 2, 1998, the Company acquired the manufacturing assets,primarily consisting of inventory and fixed assets, of Lucent Technologies,Inc.'s ("Lucent") signal transformer product line in exchange for approximately$27 million in cash plus acquisition costs of approximately $500,000. Under theterms of the agreement, the Company, among other things, will continue to supplycertain of Lucent's telecom magnetics requirements up to forty-two months. TheCompany is moving the majority of the manufacturing for this business to theRepublic of China. Lucent and the Company entered into a Transition ServicesAgreement whereby Lucent has agreed to provide contract labor and transitionalservices to the Company for an agreed price until the earlier of September 30,1999 or the date on which Signal Transformer Manufacturing operations and thepurchased assets are relocated.
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