Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Merix Corp. > News item |
Merix holders to exchange convertibles for Viasystems shares, cash
By Lisa Kerner
Charlotte, N.C., Oct. 6 - Merix Corp. said approximately 98% of the holders of its $70 million convertible senior subordinated notes due 2013 have agreed to exchange their notes for approximately 1.4 million newly issued Viasystems Group, Inc. shares plus a total cash payment of approximately $35 million.
The exchange agreement was made in connection with the proposed merger of Merix and Viasystems announced on Tuesday.
Merix shareholders will receive 0.11 shares of newly issued Viasystems shares for each Merix share held under the merger agreement, according to a joint news release from the companies.
Both companies produce multi-layer, rigid printed circuit boards. Merix is located in Beaverton, Ore., and Viasystems is located in St. Louis.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.