Shareholder Meeting to be Held September 20, 2007
READING, Pa., Sept. 4 /PRNewswire-FirstCall/ -- Arrow International, Inc. (Nasdaq: ARRO) today urged shareholders to vote in favor of its planned $45.50 merger with Teleflex Incorporated (NYSE: TFX) and for the reelection of the current Board of Directors at the upcoming Annual Meeting of Shareholders to be held on September 20, 2007.
In a letter to shareholders, mailed today, Philip B. Fleck, President and Chief Executive Officer, and R. James Macaleer, Chairman of the Board, also told shareholders not to be confused by a solicitation for a slate of nominees by the McNeil Trust, which opposed the strategic alternative process, including the possibility of a sale, from the beginning and only changed their view after the announcement of the transaction with Teleflex.
The text of the letter follows:
Dear Fellow Arrow Shareholder:
Your Vote is Very Important
On September 20, 2007 at the 2007 Annual Meeting of Arrow's shareholders you will have the opportunity to express your support and vote for the adoption of Arrow's merger agreement with Teleflex Incorporated, a required step before proceeding with the previously announced all-cash transaction in which Teleflex will acquire Arrow International and you will receive $45.50 for each share of Arrow common stock you own.
In order for the transaction to close, a majority of the votes cast by
all shareholders present in person or by
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