Followers | 116 |
Posts | 11877 |
Boards Moderated | 1 |
Alias Born | 03/08/2004 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, November 07, 2017 8:54:45 AM
Because Key Tronic is organized under the laws of Washington, the state’s business combination statute (Wash. Rev. Code Sections 23B.19.010 to 23B.19.050) would apply to an acquisition proposal for Key Tronic. If Cemtrex acquires 10% or more of the outstanding shares of Key Tronic common stock in the exchange offer, the business combination statute would prohibit Cemtrex from engaging, for a five-year period following the consummation of the offer, in a merger or any other business combination with Key Tronic. However, this prohibition would not apply if any of the following occur: (1) Key Tronic’s board approves either the 10% acquisition or a proposed business combination, in each case before Cemtrex acquires the 10% interest, (2) a business combination following Cemtrex’s acquisition of 10% is approved by the Key Tronic board of directors and unaffiliated owners of two-thirds of the outstanding shares, or (3) on consummation of the offer, Cemtrex acquires at least 90% of Key Tronic’s shares outstanding at the time the offer was commenced. As a result of this statute, if Cemtrex does not acquire a significant interest in Key Tronic through this offer or otherwise obtain Key Tronic board approval, it may be restricted from engaging in a second-step merger with Key Tronic to remove shareholders who did not tender their shares in the offer. Additionally, if Cemtrex purchases further shares of Key Tronic common stock directly from its shareholders following consummation of the offer, the fair price provisions under Washington law may apply to these purchases. See “The Offer – Certain Legal Matters; Regulatory Approvals – Washington Business Combination Statute.”
What does the Board of Directors of Key Tronic Think of the Offer?
Key Tronic’s board of directors has not approved this offer or otherwise commented on it as of the date of this prospectus. Within ten business days after the date of this prospectus, Key Tronic is required by law to publish, send or give to you (and file with the SEC) a statement as to whether it recommends acceptance or rejection of the offer, that it has no opinion with respect to the offer or that it is unable to take a position with respect to the offer.
Have You Discussed the Offer with the Board of Directors of Key Tronic?
No, Cemtrex ha s not yet discussed the offer with the b oard of d irectors of Key Tronic. Cemtrex intends to communicate with Key Tronic management and seek to meet with its b oard of directors as promptly as possible following the commencement of this exchange offer. Cemtrex has requested that Key Tronic provide Cemtrex with the information required to furnish complete disclosure regarding the business, operations, financial condition and management of Key Tronic, but as of the date of this prospectus, no such information has been received.
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,
Recent CETX News
- Cemtrex Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/14/2024 08:15:00 PM
- Cemtrex to Host Fiscal Second Quarter 2024 Financial Results Conference Call on Tuesday, May 14, 2024 at 5:00 p.m. Eastern Time • GlobeNewswire Inc. • 05/09/2024 12:30:00 PM
- Cemtrex, Inc. Announces Closing of $10 Million Upsized Underwritten Public Offering • GlobeNewswire Inc. • 05/03/2024 01:50:00 PM
- Cemtrex, Inc. Announces Pricing of $10 Million Upsized Underwritten Public Offering • GlobeNewswire Inc. • 05/01/2024 12:59:00 PM
- Cemtrex’s Vicon Industries to Attend ISC West 2024 • GlobeNewswire Inc. • 04/09/2024 12:30:00 PM
- Vicon to Showcase Their New Unified Cloud Solution with Groundbreaking Face Authentication and Person of Interest Tracking at ISC West 2024 • PR Newswire (US) • 04/07/2024 11:25:00 PM
- Cemtrex’s Advanced Industrial Services Secures New Orders Totaling $2.1 Million • GlobeNewswire Inc. • 03/11/2024 12:45:00 PM
- Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature • GlobeNewswire Inc. • 03/06/2024 01:45:00 PM
- Cemtrex Issues Shareholder Letter and Provides Corporate Update • GlobeNewswire Inc. • 02/28/2024 01:30:00 PM
- Cemtrex Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 02/12/2024 09:20:00 PM
- Cemtrex to Host First Quarter 2024 Financial Results Conference Call on Monday, February 12, 2024 • GlobeNewswire Inc. • 02/09/2024 01:30:00 PM
- Cemtrex Receives $0.8 Million Additional Vicon Industries Order from School District Customer • GlobeNewswire Inc. • 02/01/2024 01:30:00 PM
- Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects • GlobeNewswire Inc. • 01/31/2024 01:30:00 PM
- Cemtrex Inc. to Reconvene Special Meeting Of Series 1 Preferred Stock Shareholders on Friday December 29, 2023 at 12:00 pm. Eastern Time • GlobeNewswire Inc. • 12/28/2023 02:15:00 PM
- Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 12/21/2023 09:35:00 PM
- Vicon Boosts its Unified VMS Platform by Integrating with Omnilert's AI Visual Gun Detection System • PR Newswire (US) • 12/19/2023 09:11:00 PM
- Cemtrex to Host Fourth Quarter and Full Fiscal Year 2023 Financial Results Conference Call on Thursday, December 21, 2023 • GlobeNewswire Inc. • 12/07/2023 09:15:00 PM
- Cemtrex Subsidiary, Vicon Industries, Launches Anavio, A New Cloud Based, Security Software-as-a-Service Platform For Safer, Smarter Schools • GlobeNewswire Inc. • 10/10/2023 01:00:00 PM
- Cemtrex Receives $1.0 Million Contract from Pennsylvania Borough Stewartstown • GlobeNewswire Inc. • 09/26/2023 12:30:00 PM
- Cemtrex Receives to Present at LD Micro Main Event XVI Conference on October 3, 2023 • GlobeNewswire Inc. • 09/20/2023 12:30:00 PM
- Cemtrex Receives $1.5 Million Upgrade Order for Vicon Valerus System from Correctional Facility in Maryland • GlobeNewswire Inc. • 08/29/2023 12:30:00 PM
- Cemtrex Announces Share Repurchase Program for Series 1 Preferred • GlobeNewswire Inc. • 08/23/2023 01:00:00 PM
- Cemtrex Reports Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 08/10/2023 08:15:00 PM
- Cemtrex to Host Third Quarter 2023 Financial Results Conference Call on August 10, 2023 • GlobeNewswire Inc. • 07/26/2023 12:30:00 PM
- Cemtrex Closes Acquisition of Heisey Mechanical Ltd. to Expand AIS Industrial Segment • GlobeNewswire Inc. • 07/07/2023 12:30:00 PM
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM