RISCO Withdraws Tender Offer
18 5월 2007 - 5:46AM
PR Newswire (US)
BOSTON, May 17 /PRNewswire/ -- Rokonet Industries, U.S.A., Inc., a
wholly- owned subsidiary of RISCO Ltd. (RISCO), announced today
that it is withdrawing its cash tender offer for all of the
outstanding common stock of International Electronics, Inc.
(OTC:IEIB) (BULLETIN BOARD: IEIB) for $4 per share announced March
6, 2007, its control share acquisition statement and related
request for a special meeting of International Electronics, Inc.
stockholders scheduled for May 18. "We are pleased that RISCO's
offer forced IEI to finally deliver value to stockholders," said
RISCO Chairman, Moshe Alkelai. "In light of IEI's announced
transaction with Linear at $6.65 per share, more than 300% above
the IEI trading price when RISCO began this process just over six
months ago, we have decided to withdraw our tender offer. We wish
the IEI stockholders well with their extraordinary return."
MacKenzie Partners, Inc. is the Information Agent for RISCO's
tender offer and any questions or requests for the Offer to
Purchase and related materials with respect to the tender offer may
be directed to MacKenzie Partners, Inc. Additional Information and
Where to Find It This communication may be deemed to be
solicitation material in respect of the solicitation of proxies of
Rokonet Industries, U.S.A., Inc. from stockholders of IEI in
connection with the special meeting of IEI stockholders to be held
on May 18, 2007. Rokonet Industries, U.S.A., Inc. will file a
definitive proxy statement on Schedule 14A. IEI STOCKHOLDERS SHOULD
READ THOSE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT
INFORMATION REGARDING RISCO'S PROPOSAL. Stockholders will be able
to obtain the proxy statement and related materials with respect to
the special meeting free at the SEC's website at
http://www.sec.gov/ or from Rokonet Industries, U.S.A., Inc. by
contacting Mackenzie Partners, Inc. toll free at 1-800-322-2885 or
collect at 1-212-929- 5500 or via email at . The offer to buy IEI
common stock is only being made pursuant to an offer to purchase
and related materials that Rokonet Industries, U.S.A., Inc. has
filed with the SEC. IEI STOCKHOLDERS SHOULD READ THESE MATERIALS
CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE
TERMS AND CONDITIONS OF THE OFFER. Stockholders will be able to
obtain the offer to purchase and related materials with respect to
the tender offer at the SEC's website at http://www.sec.gov/ or
from Rokonet Industries, U.S.A., Inc. by contact Mackenzie
Partners, Inc. toll free at 1-800-322-2885 or collect at
1-212-929-5500 or via email at . Participants in Solicitation
Rokonet Industries, U.S.A., Inc. and its directors and executive
officers may be deemed to be participants in the solicitation of
proxies from the holders of IEI common stock in respect of the
proposed special meeting of stockholders. Certain information about
such persons and their interest in the solicitation will be
contained in the proxy statement regarding the special meeting,
when it becomes available. DATASOURCE: RISCO CONTACT: Bob Marese,
+1-212-929-5045, or Lex Flesher, +1-212-929-5397, both of MacKenzie
Partners, Inc. Web site: http://www.sec.gov/
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