Arrow International Sends Letter Reminding Shareholders to Vote White Proxy Card in Support of Teleflex Merger and Election of C
September 13 2007 - 4:53PM
PR Newswire (US)
READING, Pa., Sept. 13 /PRNewswire-FirstCall/ -- Arrow
International, Inc. (NASDAQ:ARRO) today sent another letter to
shareholders urging them to vote today on the WHITE proxy card for
its planned $45.50 merger with Teleflex Incorporated (NYSE:TFX) and
to re-elect the Arrow Board of Directors, who are committed to
completing the Teleflex transaction and delivering $45.50 per share
of Arrow common stock to shareholders once the merger is
consummated. The Annual Meeting is on September 20, 2007. The text
of the letter follows: Dear Fellow Arrow Shareholder: Your vote in
support of the merger on the WHITE proxy card is very important
With the Annual Meeting just a week away on September 20, we urge
you to vote your WHITE proxy card NOW in support of our $45.50 per
share merger with Teleflex. By voting the WHITE proxy card, and
voting to approve this transaction and re-elect all of the members
of your current Board of Directors, you can help assure that the
merger is completed and that you will receive your cash payment.
Your vote to re-elect Arrow's director-nominees is also very
important If you are in favor of the Teleflex merger, we believe it
is in your best interests to vote to re-elect your current Board of
Directors. These directors are experienced, dedicated and fully
committed to completing the Teleflex merger and protecting the
interests of all Arrow shareholders. Your current Board of
Directors initiated the strategic alternatives process that
resulted in the $45.50 per share cash offer from Teleflex. Do NOT
add risk by voting for the McNeil Trust There is no need to add
uncertainty to the merger closing process by electing new
directors, as the McNeil Trust is attempting to do. The McNeil
Trust opposed the strategic alternatives process from the beginning
and voiced support for the merger only after the transaction was
publicly announced. There is a difference between being committed
to a transaction and merely agreeing to vote for it. We do not
think it is in your best interest to allow nominees of a
shareholder who is not committed to completing this merger handle
any issues that may arise between the approval of the merger
agreement and the closing of the transaction. We believe the McNeil
Trust's nominees are not the best option for shareholders. We
believe their slate presents added risk to the transaction, and in
the unlikely event the merger is not consummated, the Trust's slate
offers only a return to the disappointments that existed when the
current Board of Directors decided to explore strategic
alternatives. We strongly urge you NOT to sign or return any blue
proxy cards to the McNeil Trust. Please vote the WHITE proxy card
today If your shares are held by your brokerage firm or bank, you
must provide them with instructions on how to vote on your behalf
or they will be unable to vote your shares on certain issues,
including the adoption of the merger agreement. Given that time is
short, we encourage you to follow the instructions on the enclosed
form to vote by telephone or Internet. If you have any questions or
would like assistance in voting your shares of Arrow common stock,
please call our proxy solicitor, Morrow & Co., Inc., toll-free
at 1-800-662-5200. Sincerely yours, Philip B. Fleck President and
Chief Executive Officer R. James Macaleer Chairman of the Board of
Directors About Arrow Arrow develops, manufactures and markets a
broad range of clinically advanced, disposable catheters and
related products for critical and cardiac care. The company's
products are used primarily by anesthesiologists, critical care
specialists, surgeons, emergency and trauma physicians,
cardiologists, interventional radiologists and other healthcare
providers. Arrow's news releases and other company information can
be found on the World Wide Web at http://www.arrowintl.com/ .
Arrow's common stock trades on the NASDAQ Global Select Market(TM)
under the symbol ARRO. Additional Information In connection with
the proposed acquisition of Arrow by Teleflex Incorporated and
Arrow's 2007 Annual Meeting of Shareholders, Arrow filed a
definitive proxy statement with the SEC, on August 24, 2007 and
will be filing other documents with the SEC. Arrow has furnished a
definitive proxy statement to its shareholders, together with a
WHITE proxy card. Arrow shareholders are strongly advised to
carefully read Arrow's definitive proxy statement. Shareholders may
obtain the definitive proxy statement on file with the SEC and any
other documents filed by Arrow with the SEC for free at the
internet website maintained by the SEC at http://www.sec.gov/ .
Shareholders may obtain free copies of the definitive proxy
statement and any amendments and supplements to the definitive
proxy statement at Arrow's website at http://www.arrowintl.com/ or
by writing to Arrow International, Inc., 2400 Bernville Road,
Reading, Pennsylvania 19605. In addition, copies of Arrow's proxy
materials may be requested by contacting our proxy solicitor,
Morrow & Co. at (800) 662-5200 toll-free or by writing to
Morrow & Co., 470 West Avenue, Stamford, CT 06902. Arrow and
its directors and executive officers may be deemed to be
participants in the solicitation of proxies in respect of the
proposed transaction. Additional information regarding the names,
affiliations and interests of individuals who are participants in
the solicitation of proxies of Arrow's shareholders is available in
Arrow's definitive proxy statement filed with the SEC on August 24,
2007. DATASOURCE: Arrow International, Inc. CONTACT: Frederick J.
Hirt, CFO of Arrow International, Inc., +1-610-478-3117 Web site:
http://www.arrowintl.com/
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