S 4 cleared
Acacia Research Sets Date for Special Meeting to Vote On Merger and Recapitalization
BUSINESS WIRE - September 19, 2002 06:01
NEWPORT BEACH, Calif., Sep 19, 2002 (BUSINESS WIRE) -- Acacia Research Corporation (Nasdaq:ACRI) announced today that the company has scheduled a Special Meeting of Stockholders to be held on November 4, 2002 at 610 Newport Center Drive, Newport Beach, California. The company has set the record date for the Special Meeting as of the close of business on September 27, 2002. Stockholders of record as of the record date will vote on several proposals at the Special Meeting.
Stockholders will vote on the recapitalization of Acacia Research to divide its common stock into two new classes -- new "CombiMatrix" stock, that would reflect the performance of its subsidiary CombiMatrix Corporation, and new "Acacia Technologies" stock, that would reflect the performance of Acacia Research's media technology businesses. If the plan is approved, Acacia Research stockholders would receive shares of both of the new classes of stock in exchange for the shares they now hold, and the new shares would be separately traded Nasdaq listed public securities.
Stockholders will also vote on a merger agreement pursuant to which Acacia would acquire the minority stockholder interests in CombiMatrix. The proposed acquisition would be accomplished through a merger in which the minority stockholders of CombiMatrix would receive shares of the new "CombiMatrix" stock, in exchange for their existing shares. Stockholders will also vote on two related proposals to approve new stock incentive plans for each business group. |
