Valor Computerized Systems Ltd. / AGM/EGM
04.02.2010
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Yavne, Israel - February 3, 2010 - Valor Computerized Systems [Prime
Standard: VCR, WKN 928731], announces that in a special shareholders
meeting that was held today the shareholders of Valor approved all items on
the agenda, including the Agreement and Plan of Merger (the 'Merger
Agreement'), dated as of October 12, 2009 by and among Valor, Mentor
Graphics (Netherlands) BV ('Mentor'), a corporation formed under the laws
of the Netherlands which is a wholly owned subsidiary of Mentor Graphics
Corporation, an Oregon, U.S.A. corporation, and VR Acquisition Ltd., a
company formed under the laws of the State of Israel and a wholly owned
subsidiary of Mentor; and (b) the transactions contemplated by the Merger
Agreement, including the merger of VR Acquisition Ltd. Into Valor in a
court-approved arrangement between Valor and its shareholders under the
provisions of Sections 350 and 351 of the Israeli Companies law, 5759 -
1999, so that Valor will become a wholly owned subsidiary of Mentor, and
including the inherent capital reduction of Valor as a result thereof.
It should be noted that the actual merger contemplated under the Merger
Agreement is pending, inter alia, the completion of all conditions
precedent to such merger in accordance with the terms of the Merger
Agreement (or the waiver thereof) and the approval of the Israeli courts of
such Merger.
About Valor
Valor is a global provider of productivity improvement software solutions
for the printed circuit board, or PCB, manufacturing supply chain. PCBs are
the principal electronic interconnect technology used in the vast majority
of electronic products sold today. Valor's solutions target three key
segments in the PCB manufacturing market: design of the physical layout of
the PCB, fabrication of the bare PCB, and assembly of PCB components.
For further information, please contact:
Valor Corporate
Alon Erlich
alon.erlich@valor.com
Tel: +972-(0)8-943-2430
Certain statements included herein are forward-looking in nature and,
accordingly, are subject to risks and uncertainties. Such forward-looking
statements include statements regarding the size and timing of the proposed
offering. These forward-looking statements are only predictions based on
our current expectations and projections about future events. Many
factors, including those indicated in the press release, as well as general
market conditions, could impact the realization of these forward-looking
statements. Valor wishes to caution prospective investors not to rely on
any such forward-looking statements as predictions of future events. Valor
does not undertake, and specifically disclaims any obligation, to update
any forward-looking statements, which speak only as of the date made.
04.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Valor Computerized Systems Ltd.
4 Faran Street
70600 Yavne
Israel
Phone: +972-(0)3 - 9432430
Fax: +972-(0)3 - 9432429
E-mail: IR@valor.com
Internet: www.valor.com
ISIN: IL0010845324
WKN: 928731
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Valor Computerized Systems Ltd.: Resolution of Valor Shareholders Meeting
| Source: EQS Group AG