(BSNS WIRE) RELTEC Corporation Announces GEC Extends Closing Date for RELTEC Corporation Announces
GEC Extends Closing Date for RELTEC Tender Offer
to April 8
MRVC customer
Business Editors
CLEVELAND--(BUSINESS WIRE)--April 5, 1999--RELTEC Corporation
(NYSE:RLT) today announced that on April 1, 1999 the General Electric
Company, p.l.c. ("GEC") extended the tender offer, which commenced on
March 5, 1999, by its wholly owned subsidiary GEC Acquisition Corp.,
to purchase all of the outstanding shares of common stock of RELTEC
Corporation ("RELTEC") at $29.50 per share. The offer and withdrawal
rights will expire at 12:00 midnight, New York City time, on Thursday,
April 8, 1999 unless the tender offer is further extended.
Approximately 51,578,163 RELTEC shares have been tendered and not
withdrawn to date in response to the tender offer.
The General Electric Company, p.l.c. is not affiliated with the
similarly named company which is based in the United States.
RELTEC is a leader in the design, manufacture and sale of a broad
range of telecommunications systems, products and services. Its Access
Systems, Integrated Wireless Solutions and Network Components and
Services are sold to wireline and wireless service providers and OEMs
around the globe. RELTEC operates in North America, Europe,
Asia/Pacific and Latin America with over 6,600 employees worldwide.
For additional information, visit relteccorp.com.
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CONTACT: RELTEC Corporation
Scott Fine, 440/460-3728
email: sfine@relteccorp.com
KEYWORD: OHIO
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
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