Arrow International Announces Annual Meeting Voting Results
2007年9月27日 - 4:07AM
PRニュース・ワイアー (英語)
READING, Pa., Sept. 26 /PRNewswire-FirstCall/ -- Arrow
International, Inc. (NASDAQ:ARRO) announced today the final
tabulation of votes at its Annual Meeting of Shareholders held on
September 20, 2007. -- Proposal 1 -- Shareholders voted to adopt
the merger agreement with Teleflex Incorporated, with 99.8 percent
of votes cast voting to approve the merger agreement. Approval of
the merger agreement required a positive vote of a majority of
shares voting on this proposal. The receipt of this shareholder
vote satisfies the final condition necessary prior to closing the
merger. -- Proposal 2 -- All of Arrow's director nominees were
re-elected, with each receiving affirmative votes from in excess of
61.5 percent of votes cast. -- Proposal 3 -- Shareholders ratified
the appointment of PricewaterhouseCoopers LLP as the Company's
independent accounting firm with 99.8 percent of votes cast. --
Proposal 4 -- Shareholders defeated a proposed age limit for
directors with 69.0 percent of the votes cast voting against the
proposal. As previously announced on July 23, 2007, Teleflex and
Arrow entered into a definitive merger agreement, which was
unanimously approved by both companies' Boards of Directors and
provides for the payment to Arrow shareholders of $45.50 per share
in cash without interest for each outstanding share of their Arrow
common stock, representing a premium to shareholders of
approximately 38.6% over the closing price of Arrow common stock on
May 8, 2007, the last full trading day before the announcement of
the Company's decision to explore strategic alternatives. About
Arrow Arrow develops, manufactures and markets a broad range of
clinically advanced, disposable catheters and related products for
critical and cardiac care. The company's products are used
primarily by anesthesiologists, critical care specialists,
surgeons, emergency and trauma physicians, cardiologists,
interventional radiologists and other healthcare providers. Arrow's
news releases and other company information can be found on the
World Wide Web at http://www.arrowintl.com/ . Arrow's common stock
trades on the NASDAQ Global Select Market(SM) under the symbol
ARRO. DATASOURCE: Arrow International, Inc. CONTACT: Frederick J.
Hirt, CFO of Arrow International, Inc., +1-610-478-3117 Web site:
http://www.arrowintl.com/
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