Carrier Access Stockholders Approve Acquisition by Turin Networks
February 08 2008 - 1:45PM
Marketwired
BOULDER, CO , a leading provider of data and voice transport
solutions, today announced that at the special meeting of
stockholders held today, its stockholders approved the previously
announced acquisition of Carrier Access by Turin Networks, Inc. The
parties anticipate that the closing of the transaction will occur
today. Upon completion of the transaction, Carrier Access shares
will cease trading on Nasdaq, and stockholders will have the right
to receive $2.60 in cash, without interest, per share of Carrier
Access' common stock.
About Carrier Access Corporation
Carrier Access (NASDAQ: CACS) provides consolidated access
technology designed to streamline the communication network
operations of wireless and wireline carriers, cable operators,
enterprises and government agencies. Carrier Access products enable
customers to consolidate and upgrade access capacity and implement
converged IP services, while lowering costs and accelerating
service revenue. Carrier Access' technologies help our customers do
more with less. For more information, visit www.carrieraccess.com
or call 1-800-365-2593.
About Turin Networks
Turin Networks, Inc. is a global provider of metro transport and
switching solutions for wireline, wireless, MSO and private
networks. Turin's iConnect(TM)-based solutions facilitate migration
to end-to-end Carrier Ethernet over any media for all types of
network operators. Turin's products have been deployed by more than
300 customers worldwide to increase revenue through expanded
optical network capacity and efficient delivery of new
Ethernet/IP-based services. Turin is headquartered in Petaluma,
California with R&D facilities in Petaluma, Dallas and Boston,
and sales offices throughout the world. For more information, visit
www.turinnetworks.com or call 707-665-4400.
Carrier Access and the Carrier Access logo, is a registered
trademark of Carrier Access, Corporation Inc. in the U.S.
For more information, please contact: Debra Layton Carrier
Access 303.218.5524 Email Contact
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