Zebra extends tender offer for Fargo, again

SSN Staff  - 
Friday, March 1, 2002

VERNON HILLS, Ill.-Zebra Technologies Corp. has extended its tender offer for buying card printer manufacturer Fargo Electronics.

According to the companies, the extension is necessary because an applicable antitrust review waiting period has yet to expire or terminate. The $86 million deal is currently being reviewed by the Federal Trade Commission.

The two companies announced a merger agreement last summer, but the deal has yet to go through.

Officials from Zebra say they intend to extend the offer until the Hart-Scott-Rodino antitrust review waiting period expires or is terminated, subject to the provisions of the acquisitions agreement.

Toshiba expands website
IRVINE, Calif.-Toshiba Security Products has expanded the services on its website.

New features include an expanded technical resources section with areas on common connections, common questions, online manuals, a listing of nationwide service providers and engineering specifications.

The website, located at www.cctv.toshiba.com, also offers on-line product registration and information on the company's expanded service plans.

EnerSys buys Energy Storage
READING, Penn.-EnerSys, a provider of DC power products in the security industry and other markets, recently reached an agreement to buy the Energy Storage products group of Invensys, headquartered in Chippenham, England.

"This acquisition significantly enhances the strategic positioning and scale of EnerSys," said John Craig, chairman, president and chief executive officer of EnerSys.

Together, the companies will employ more than 7,500 employees and post revenues of close to $1 billion.