Radisys Shareholders Approve Proposals Related to Planned Acquisition by Reliance Industries
06 September 2018 - 6:05AM
Business Wire
Radisys Corporation (NASDAQ: RSYS), a global leader of open
telecom solutions, today announced that its shareholders have voted
to approve proposals related to the previously announced merger
agreement under which Radisys will be acquired by Reliance
Industries, with over 97% of shares that voted being in favor of
the merger.
The transaction is expected to close in the fourth quarter of
2018, subject to the satisfaction or waiver of customary closing
conditions, including regulatory approvals. Upon the completion of
the proposed transaction, Radisys shareholders will be entitled to
receive $1.72 in cash per share, subject to the terms of the
definitive merger agreement, and Radisys’ common stock will no
longer be publicly traded and will be delisted from the NASDAQ
Global Select Market.
About Radisys
Radisys (NASDAQ: RSYS), a global leader in open telecom
solutions, enables service providers to drive disruption with new
open architecture business models. Radisys’ innovative
disaggregated and virtualized enabling technology solutions
leverage open reference architectures and standards, combined with
open software and hardware to power business transformation for the
telecom industry, while its world-class services organization
delivers systems integration expertise necessary to solve
communications and content providers’ complex deployment
challenges. For more information, visit www.Radisys.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180905005734/en/
Company ContactRadisys CorporationJon Wilson,
503-615-1685Chief Financial
Officerjon.wilson@radisys.comorInvestor ContactShelton
GroupBrett L. Perry, 214-272-0070bperry@sheltongroup.com
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