Extended Systems (NASDAQ:XTND)
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From Jul 2019 to Jul 2024
Extended Systems Incorporated (Nasdaq:XTND) today
announced that its stockholders have voted to adopt and approve a
merger agreement pursuant to which Extended Systems will be merged
with and into a wholly owned subsidiary of Sybase, Inc. (NYSE:SY).
More than 54% percent of the Extended Systems common stock outstanding
on the record date were cast in favor of adoption and approval of the
merger agreement.
On July 29, 2005, Extended Systems and Sybase announced the
signing of the merger agreement under which Sybase will acquire
Extended Systems. Adoption and approval of the merger agreement by
Extended Systems' stockholders satisfies one of the conditions to
completion of the transaction. Subject to the satisfaction of the
remaining closing conditions, the merger is currently expected to be
completed on or about October 26, 2005.
About Extended Systems
Extended Systems provides the expertise, strategy and solutions to
help enterprise organizations streamline their business processes
through mobile technology. The Company's OneBridge mobile solutions
suite enables companies to mobilize critical enterprise applications
such as e-mail, field service, sales force automation (SFA),
enterprise resource planning (ERP) and customer relationship
management (CRM). Extended Systems has more than 2,500 enterprise
customers worldwide and key alliance relationships. Founded in 1984,
Extended Systems has offices and subsidiaries in the United States and
worldwide. For more information, call 800-235-7576 or visit the
Company web site at www.extendedsystems.com.
Forward Looking Statements
This press release contains forward-looking statements regarding
the outcome and expected completion date of the proposed transaction
between Extended Systems and Sybase that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are generally preceded by words that
imply a future state, such as "expects" or "anticipates," or that
imply that a particular future event or events will occur, such as
"will," "remain," "may," or the negative of these terms. Investors are
cautioned that all forward-looking statements in this release involve
risks and uncertainty, including without limitation, the satisfaction
of the other conditions to closing of the proposed transaction with
Sybase. These risks, uncertainties and other factors may cause
outcomes to differ materially from those expressed or implied by the
forward-looking statements.
Forward-looking statements are only predictions and the actual
events or results may differ materially. Extended Systems cannot
provide any assurance that the remaining conditions to the closing of
the proposed transaction will be satisfied or that the proposed
transaction with Sybase will be completed in the time expected or at
all. Neither Extended Systems nor any other person assumes
responsibility for the accuracy and completeness of these
forward-looking statements. Extended Systems disclaims any obligation
to update information contained in any forward-looking statement.
For additional information and considerations regarding the risks
faced by Extended Systems, see its Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q as filed with the Securities and
Exchange Commission (SEC).