Newsgroup: it.hobby.cicloturismo
Titolo: Crisi di mercato

Sram acquista ROCKSHOX.....ecco il comunicato srampa
ROCKSHOX ANNOUNCES THAT IT HAS AGREED TO BE ACQUIRED BY SRAM CORPORATION
COLORADO SPRINGS, Colorado, February 19th, 2002
RockShox, Inc. (RSHX.OB) - a leading developer of high performance mountain
bike suspension products - today announced that it has entered into a
definitive agreement to be acquired by SRAM Corporation.
The transaction is structured as a merger of RockShox with a wholly-owned
subsidiary of SRAM Corporation, in which stockholders of RockShox will
receive the cash amount of $0.41 per share. As a result, following the
merger, RockShox will operate as a subsidiary of SRAM Corporation. The
merger is subject to a number of closing conditions. The parties expect
that, subject primarily to the fulfillment of such closing conditions and to
the timing of approval by regulatory authorities of an Information Statement
to be sent to stockholders, the transaction will be completed in late March
or early April 2002.
The Board of Directors of RockShox has received an opinion from Duff &
Phelps, one of the nation's largest independent specialty investment banking
and financial advisory firms, that the transaction is fair from a financial
point of view to the non-insider stockholders of RockShox.
Bryan Kelln, RockShox' President & Chief Executive Officer, stated, "The
leadership team of RockShox has been very focused over the past two years to
restructure the company. We have made many changes which have produced a
reduced cost structure, a strong product line, and wonderful customer
relationships. However, the costs associated with the restructuring,
combined with the costs associated with our patent defense litigation and a
product recall last year, have left us in a difficult liquidity position, as
we have noted in our public filings. Finally, industry-wide sales declines
over the past year hampered our ability to generate revenue."
"We are pleased to announce the acquisition of RockShox by SRAM
Corporation," continued Kelln. "We believe that this transaction presents
great value for our stockholders and is a strong opportunity for our
customers and suppliers."
"We are delighted to have the opportunity to put together two of the
strongest brands in the bicycle industry," said Stan Day, President & Chief
Executive Officer of SRAM Corporation. "We have been interested in
diversifying our core business into suspension, and the RockShox opportunity
fits perfectly with that strategy. The SRAM/RockShox combined entity will
enable synergies across the businesses - from sales and marketing benefits
to our Original Equipment and Aftermarket customer base, to enhanced and
integrated product development for the riding enthusiast. Together, our
global strength will enable us to have an even more meaningful presence in
the industry, at events, and with the consumer," Day continued.
The management teams of the two companies will work closely over the coming
months to finalize the acquisition and to create a transition plan.
This press release contains "forward-looking statements" (as defined under
Federal securities law) regarding the planned merger of RockShox with SRAM
Corporation. The ability of RockShox to consummate the merger transaction
may differ materially and adversely from those discussed in this press
release. Factors that may cause such a difference include, without
limitation, failure by RockShox to satisfy the closing conditions set forth
in the merger agreement and other risks associated with acquisitions. There
can be no assurance that the merger will be completed on the intended
schedule. For additional information about factors that could affect the
business of RockShox or its ability to consummate the merger, see the
documents filed by RockShox with the United States Securities And Exchange
Commission.

 Sram acquista ROCKSHOX.....ecco il comunicato srampa
...gia che c'eri potevi tradurla e riassumerla... :-PPP
La notizia è stravecchia e logora...  ;-)

> La notizia è stravecchia e logora...  ;-)
Scusa se esito. -:PPPPPPPPPPP
Felix

 Scusa se esito. -:PPPPPPPPPPP
Ormai ci sei...