Offer open for acceptance until 8:00 p.m. (EST) on March 15, 2012
BURLINGTON, ON, Feb. 8, 2012 /CNW/ - Siemens Canada announced today that, through a wholly-owned subsidiary, it has commenced its previously-announced offer to acquire all of the outstanding common shares of RuggedCom Inc. ("RuggedCom") for $33.00 per share in cash (the "Offer") and mailed the Offer and take-over bid circular to shareholders of RuggedCom.
The Offer will be open for acceptance until 8:00 p.m. (Toronto time) on March 15, 2012 (the "Expiry Time"), unless extended, and is conditional upon, among other things, customary regulatory approvals and there having been validly deposited (and not withdrawn) at least 662/3% of the outstanding common shares (on a fully-diluted basis at the Expiry Time).
The full details of the Offer are contained in the take-over bid circular of Siemens and the directors' circular of the RuggedCom board of directors. Copies of the take-over bid circular and the directors' circular are available online at www.sedar.com.
Computershare Investor Services Inc. is the depositary for the Offer. Shareholders can obtain copies of the take-over bid circular and related materials at no charge from the depositary, which can be reached toll-free at 1-800-564-6253 or by email at [email protected]. The information agent for the Offer is Georgeson Shareholder Communications Canada Inc. Inquiries should be directed to the information agent toll-free at 1-866-374-9877 or by email at [email protected].
About Siemens in Canada
For 100 years the innovative ideas from Siemens have helped make Canada a better place. From the Atlantic to Pacific oceans, more than 4,400 employees in Canada work together to provide answers that last in the fields of industry, energy and healthcare, as well as deliver infrastructure solutions for cities. Since it was federally chartered in August of 1912, Siemens has stood for technical achievements, innovation, quality and reliability. Sales for Siemens in Canada in fiscal 2011 (ended September 30), were $3.0 billion CAD. The company has 61 offices and 13 manufacturing/assembly facilities across Canada. Further information is available at www.siemens.ca.
About RuggedCom Inc.
RuggedCom is a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments. RuggedCom's technology solutions include Ethernet switches, network routers, wireless devices, serial servers, media converters, software and professional services. RuggedCom's products are designed for use in harsh environments such as those found in electrical power substations and "Smart Grids", intelligent transportation systems, industrial process control and military applications.
For further information:
Siemens Canada Limited
Communications and Strategy
Vice-President, Communications and Strategy