-- Annual Meeting of Shareholders to Vote on Proposed Merger with Teleflex
Scheduled for September 20, 2007 --
-- McNeil Trust to Vote in Support of Merger --
READING, Pa., Aug. 24 /PRNewswire-FirstCall/ -- Arrow International, Inc. (Nasdaq: ARRO) today announced that it has filed with the Securities and Exchange Commission and mailed to Arrow shareholders definitive proxy materials in connection with the Company's 2007 Annual Meeting of Shareholders. At the Annual Meeting, Arrow shareholders will consider and vote on, among other things, the adoption of the Company's merger agreement with Teleflex Incorporated, the election of directors to serve until the earlier of closing of the merger with Teleflex or until their respective successors are duly elected and qualified, and ratification of the appointment of PricewaterhouseCoopers LLP as the registered independent accounting firm.
Arrow's 2007 Annual Meeting of Shareholders has been scheduled for Thursday, September 20, 2007, at 2:00 p.m., Eastern Time at the Philadelphia Marriott Downtown, 1201 Market Street, Philadelphia, PA. Arrow shareholders of record as of the close of business on August 7, 2007 will be entitled to vote at the Annual Meeting.
As previously announced on July 23, 2007, Teleflex Incorporated and
Arrow entered into a definitive merger agreement, which was unanimously
approved by both companies' boards of directors and provides a payment to
Arrow shareholders of $45.50 per share in cash without interest for each
outstanding share of their Arrow common stock, representing a premium to
shareholders of approximately 38.6% over the closing price of Arrow common
stock on May 8, 2007, the last full trad
|SOURCE Arrow International, Inc.|
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