Extended Systems Announces Stockholder Approval of Agreement of Merger with Sybase, Inc.
October 25 2005 - 9:05PM
Business Wire
Extended Systems Incorporated (Nasdaq:XTND) today announced that
its stockholders have voted to adopt and approve a merger agreement
pursuant to which Extended Systems will be merged with and into a
wholly owned subsidiary of Sybase, Inc. (NYSE:SY). More than 54%
percent of the Extended Systems common stock outstanding on the
record date were cast in favor of adoption and approval of the
merger agreement. On July 29, 2005, Extended Systems and Sybase
announced the signing of the merger agreement under which Sybase
will acquire Extended Systems. Adoption and approval of the merger
agreement by Extended Systems' stockholders satisfies one of the
conditions to completion of the transaction. Subject to the
satisfaction of the remaining closing conditions, the merger is
currently expected to be completed on or about October 26, 2005.
About Extended Systems Extended Systems provides the expertise,
strategy and solutions to help enterprise organizations streamline
their business processes through mobile technology. The Company's
OneBridge mobile solutions suite enables companies to mobilize
critical enterprise applications such as e-mail, field service,
sales force automation (SFA), enterprise resource planning (ERP)
and customer relationship management (CRM). Extended Systems has
more than 2,500 enterprise customers worldwide and key alliance
relationships. Founded in 1984, Extended Systems has offices and
subsidiaries in the United States and worldwide. For more
information, call 800-235-7576 or visit the Company web site at
www.extendedsystems.com. Forward Looking Statements This press
release contains forward-looking statements regarding the outcome
and expected completion date of the proposed transaction between
Extended Systems and Sybase that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are generally preceded by words
that imply a future state, such as "expects" or "anticipates," or
that imply that a particular future event or events will occur,
such as "will," "remain," "may," or the negative of these terms.
Investors are cautioned that all forward-looking statements in this
release involve risks and uncertainty, including without
limitation, the satisfaction of the other conditions to closing of
the proposed transaction with Sybase. These risks, uncertainties
and other factors may cause outcomes to differ materially from
those expressed or implied by the forward-looking statements.
Forward-looking statements are only predictions and the actual
events or results may differ materially. Extended Systems cannot
provide any assurance that the remaining conditions to the closing
of the proposed transaction will be satisfied or that the proposed
transaction with Sybase will be completed in the time expected or
at all. Neither Extended Systems nor any other person assumes
responsibility for the accuracy and completeness of these
forward-looking statements. Extended Systems disclaims any
obligation to update information contained in any forward-looking
statement. For additional information and considerations regarding
the risks faced by Extended Systems, see its Annual Report on Form
10-K and Quarterly Reports on Form 10-Q as filed with the
Securities and Exchange Commission (SEC).
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