Thursday June 12 3:21 PM EDT
Company Press Release
U.S. Robotics Corporation Redeems Rights Plan
SKOKIE, Ill.--(BUSINESS WIRE)--June 12, 1997--U.S. Robotics Corporation (NASDAQ:USRX - news) announced today that its Board of Directors approved the redemption of its stockholder rights plan in connection with the combination of U.S. Robotics Corporation and 3Com Corporation. The redemption price for the existing rights will be paid to stockholders of record immediately prior to the consummation of the merger. The redemption price for the existing rights will be $.001 per right, and will be paid by check on or about June 18, 1997.
U.S. Robotics is one of the world's leading suppliers of products and systems that provide access to information. The company designs, manufactures, markets and supports remote access servers and concentrators, enterprise communications systems, desktop/mobile client products and modems and telephony products that connect computers and other equipment over analog, digital and switched cellular networks, enabling users to gain access to, manage and share data, fax, voice and multi-media information. Its customers include Internet service providers, regional Bell operating companies, inter-exchange carriers and a wide range of other large and small businesses, institutions and individuals. |
