Planar Announces Closing of Merger with Leyard
28 11월 2015 - 1:59AM
Business Wire
Planar Systems, Inc. (Nasdaq: PLNR), a global leader in display
and digital signage technology, announced today that it has closed
its sale to Leyard American Corporation, a subsidiary of Leyard
Optoelectronic Co., Ltd., which designs, produces, and distributes
a range of LED display products and its ancillary systems.
As previously announced on August 12, 2015, Planar and Leyard
entered into a definitive merger agreement, pursuant to which
Leyard American Corporation agreed to acquire all of the common
stock of Planar for a purchase price of $6.58 per share.
Planar has requested that The Nasdaq Stock Market LLC suspend
trading and delist Planar common stock in connection with the
closing of the merger.
BofA Merrill Lynch served as financial advisor to Planar and
Roth Capital Partners, LLC served as financial advisor to Leyard.
Perkins Coie LLP provided legal advice to Planar and Shearman &
Sterling LLP provided legal advice to Leyard.
About Planar
Planar, Inc. (Nasdaq: PLNR) is a global leader in display and
digital signage technology, providing premier solutions for the
world’s most demanding environments. Retailers, educational
institutions, government agencies, businesses, utilities and energy
firms, and home theater enthusiasts all depend on Planar to provide
superior performance when image experience is of the highest
importance. Planar video walls, large format LCD displays,
interactive touch screen monitors and many other solutions are used
by the world’s leading organizations in applications ranging from
digital signage to simulation and from interactive kiosks to
large-scale data visualization. Founded in 1983, Planar is
headquartered in Oregon, USA, with offices, manufacturing partners
and customers worldwide.
About Leyard
Leyard Optoelectronic Co., Ltd. designs, produces, and
distributes a range of LED display products and its ancillary
systems worldwide. Leyard offers indoor, outdoor, fixed and
creative LED displays that are used in various applications, such
as sports, advertisement, concerts, shopping malls, stadiums,
exhibitions and other indoor and outdoor events. It also rents LED
displays. Leyard was founded in 1995 and is headquartered in
Beijing, China.
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version on businesswire.com: http://www.businesswire.com/news/home/20151127005311/en/
Planar Systems, Inc.Ryan Gray, (503)
748-8911ryan.gray@planar.com
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