Feb. 28, 2007: Trimble Announces Approval of Merger With @Road
February 28, 2007
SUNNYVALE, Calif. - Trimble has announced that the stockholders of @Road Inc. have approved and adopted the agreement and plan of merger by and among Trimble, @Road, and Roadrunner Acquisition Corp., and approved the merger of the companies. Stockholders holding approximately 72 percent of the total number of shares of @Road issued, outstanding, and entitled to vote at the meeting voted in favor of the agreement and the merger.
Following the approval of @Road stockholders, Trimble completed its acquisition of @Road for a total purchase price of approximately $493.1 million. Under the terms of the agreement and Trimble's previously announced determination of the merger consideration, @Road common stock holders will receive $5 in cash and 0.0447 shares of Trimble common stock for each outstanding share of @Road common stock.
Trimble applies technology designed to make field and mobile workers more productive. Solutions are focused on applications requiring position or location, including the construction industry. In addition to utilizing positioning technologies, such as GPS, lasers, and optics, Trimble solutions include software content specific to the needs of the user. For more information, visit www.trimble.com.
Publication date: 02/26/2007