흡수합병 발표(Announcement of a merger)
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As rumor has it that we would be taken over by AAA Inc. sooner or A
later, the Management and the major shareholders unanimously agreed
and accepted today the offer by AAA Inc.
Our common shares will be purchased by a financial consortium at
$30.00 a share. The transactions should be completed by October 31.
AAA Inc. will be our parent company and we will be its wholly-owned
subsidiary as of November 1.
The changeover will start on November 2 and will end on December 31.
We expect there will be no employee layoff during the changeover
period. To increase profitability, however, some unproductive workers
will be reappraised as the parent company starts installing automated
systems.