Telxon Stockholders Approve Merger with Symbol Technologies
28 November 2000Telxon Stockholders Approve Merger with Symbol Technologies
CINCINNATI, Nov. 28 Telxon Corporation , a world leader in delivering quality, innovative solutions for mobile information and wireless communications systems, announced today that its stockholders have approved the company's merger with Symbol Technologies, Inc. of Holtsville, New York. Under the terms of the definitive merger agreement between the two companies, Telxon stockholders will receive 0.50 of a Symbol share for each Telxon share. The companies have received all necessary approvals for the merger and expect the transaction to be completed on November 30, 2000. Telxon Corporation is a leading global designer and manufacturer of wireless networks for mobile computing solutions and information systems. The company integrates advanced mobile computing and wireless data communication technology with a wide array of peripherals, application-specific software and global customer services for its customers in more than 60 countries around the world. Telxon is the world leader in the installation of wireless networks supporting automotive manufacturing, airport logistics operations and in-store retail information systems. Telxon's global web site address is: http://www.telxon.com . Symbol Technologies, Inc., winner of this year's National Medal of Technology, is a global leader in mobile data transaction systems, providing innovative customer solutions based on wireless local area networking for data and voice, application-specific mobile computing and bar-code data capture. Symbol's Wireless Information Appliances connect the physical world of people on the move, packages, paper and shipping pallets, to information systems and the Internet. Today, some 10 million Symbol bar-code scanners, mobile computers and wireless LANs are utilized worldwide in markets ranging from retailing to transportation and distribution logistics, manufacturing, parcel and postal delivery, government, healthcare and education. Symbol's systems and products are used to increase productivity from the factory floor to the retail store, to the enterprise and out to the home. Information about Symbol is available at http://www.symbol.com and 1-800-722-6234.