- Vitronics
Corporation
- 1
Forbes Road
- Newmarket,
New Hampshire 03857
- Tel:
(603)-659-6550
- Fax:
(603)-659-6035
- E-Mail:
info@vitronicscorp.com
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TENDER
OFFER FOR OUTSTANDING SHARES
OF
VITRONICS CORPORATION
COMPLETED
BY DOVER TECHNOLOGIES INTERNATIONAL, INC.
NEWS RELEASE:
October 7, 1997
Newmarket,
NH...Vitronics Corporation (AMEX:VTC) today announced
that DTI Intermediate, Inc., a subsidiary of Dover
Technologies International, Inc., a subsidiary of Dover
Corporation (NYSE:DOV), has accepted for payment and will
purchase, as soon as practicable, all shares of common
stock of Vitronics Corporation tendered pursuant to DTI
Intermediate, Inc.s tender offer for all
outstanding shares of Vitronics common stock. The tender
offer expired as scheduled at 12:00 midnight, New York
City time, October 6, 1997.
Dover
Technologies International, Inc. reported that
approximately 7,935,940 shares of common stock of
Vitronics Corporation were tendered in the tender offer,
which constitutes 80.5% of the outstanding common stock
of Vitronics. Dover Technologies International, Inc.
further stated that the planned merger of Vitronics
Corporation and DTI Intermediate, Inc. would be
consummated as soon as practicable, which Dover
Technologies anticipates will be in November, 1997.
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Updated: 10/97 © Copyright Vitronics Corporation 1997
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