No mention of the Option related proposals. I wonder if the institutions have finally decided to put an end to this game???
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Brooks Automation Name Change Approved by Shareholders
cnw
CHELMSFORD, Mass., Feb. 28 /CNW/ -- Brooks Automation, Inc. (Nasdaq: BRKS), which delivers total automation for semiconductor and precision electronics manufacturing, today announced that its shareholders have approved the change of the company name back to Brooks Automation, Inc. from Brooks-PRI Automation, Inc. The effective date of the name change was February 27, 2003.
Robert J. Therrien, chairman and chief executive officer of Brooks, said: "We feel that the brand power and simplicity of the Brooks Automation name allows it to be easily distinguished in the marketplace. In recent years Brooks significantly increased its addressable market and gained overall market share through its strategy of both internal growth and growth through acquisitions. The acquisition of PRI Automation, the industry's third largest automation company in 2001 behind the market leader Brooks Automation, was completed in May 2002 and enabled the Company to enter new market segments such as factory automation hardware as well as strengthening existing offerings. The name change at that time was intended to maintain continuity with the large base of customers and shareholders of both companies until no longer necessary for brand identification. We believe that we have gained much from the PRI acquisition -- a proprietary advantage in technology and products, a broad customer set, and extremely valuable employees and learning cycles. We have now achieved the desired brand recognition and presence in the market. Because we value the contributions made not only by PRI Automation, but by all of the companies we have acquired, we believe it is appropriate to return to the original name of Brooks Automation." |
