Optelecom-NKF, Inc. Stockholders Approve Merger Agreement with TKH Group N.V.
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Zuidelijk Halfrond 4
2801 DD Gouda, Netherlands
Press release date: January 26, 2011
GERMANTOWN, Md., Jan. 26, 2011 - Optelecom-NKF, Inc. (Nasdaq: OPTC, "Optelecom-NKF") today announced that at a special meeting of stockholders held yesterday its stockholders approved the proposal to adopt the definitive merger agreement by and among Optelecom-NKF, TKH Group N.V. (NYSE Euronext Amsterdam, AMS: TWEKA, "TKH") and a subsidiary of TKH.
The proposal to adopt the merger agreement required the affirmative vote of a majority of the outstanding shares of common stock of Optelecom-NKF. Stockholders holding approximately 56.5 percent of the outstanding shares of common stock of Optelecom-NKF as of the close of business on December 7, 2010, the record date for the special meeting, voted for the proposal to adopt the merger agreement. Of the 60 percent of outstanding shares of common stock that voted approximately 95 percent voted in favor of the merger agreement.
Optelecom-NKF was advised by Seale Capital, Inc. and TKH was advised by ING Financial Markets LLC.
Optelecom-NKF is a global supplier of advanced video surveillance solutions. Its range includes IP cameras, video servers/codecs, network video recorders, fiber transmission equipment, video management software, and video analytics. It delivers complete solutions for traffic monitoring and security of airports, seaports, casinos, prisons, utilities, public transit, city centers, hospitals, and corporate campuses.
Founded in 1972, Optelecom-NKF has a strong track record in providing its customers with expert technical advice and support in addition to products that are developed and tested for professional and mission critical applications. All Optelecom-NKF IP surveillance solutions are marketed under the Siqura® name.
Technology company TKHGroup N.V. ("TKH") in the Netherlands, is an internationally active group of companies that specialises in creating and supplying innovative Telecom, Building and Industrial Solutions. In TKH's business segments basic technologies in the fields of ICT and electro-technology from the various operating companies are combined - frequently in partnership with suppliers - to develop total solutions. Telecom Solutions develops, produces and supplies systems ranging from outdoor infrastructure for telecom networks through to indoor home networking applications. Building Solutions develops, produces and supplies solutions in the field of efficient electro-technology ranging from applications within buildings through to technical systems that - combined with software - provide efficiency solutions for the care and security sectors. Industrial Solutions, develops, produces and supplies solutions ranging from specialty cable, "plug and play" cable systems through to integrated systems for the production of car and truck tyres. Growth is concentrated in North West and Central and Eastern Europe and Asia. In 2009, TKH booked turnover of EUR726 million with a workforce of 3,564 employees. TKH shares are listed on the NYSE Euronext Amsterdam. For more information, please visit TKH Group's website: www.tkhgroup.com.
SOURCE Optelecom-NKF, Inc.
Web Site: http://www.optelecom-nkf.com