01.21.05
In a special meeting today, DLI shareholders approved the agreement and plan of merger dated July 1, 2004, amended and supplemented, with DLI Holding Corp. Under the terms of the agreement, each outstanding share of DLI common stock will be converted into the right to receive $35 a share in cash, executives announced. The total transaction is valued at approximately $480 million.
The closing of the transaction is expected to occur on Jan. 27, 2005 subject to the satisfaction of all other closing conditions.
The closing of the transaction is expected to occur on Jan. 27, 2005 subject to the satisfaction of all other closing conditions.