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Emulex Offer for Endance Shares Extended

Until February 12

Emulex Corporation and Endace Limited, supplier of network visibility infrastructure products, announced that Emulex has provided a notice that the offer period for Emulex’s cash Offer of 500 pence per Endace share has been extended by 14 days, to 1 p.m. London time on February 12, 2013.

Emulex is committed to completing the offer as promptly as practicable. In order to provide a clear path to prompt completion of the acquisition, Emulex urges Endace shareholders to submit acceptances by January 29, 2013.

Endace is a New Zealand company and therefore the offer was made pursuant to the New Zealand Takeovers Code (NZTC). The applicable NZTC rule requires Emulex to provide any extension notice no later than 14 days before the end of the offer period, which had been set for 1 p.m. London time on January 29, 2013. The offer period has been extended to 1 p.m. London time on February 12, 2013 (unless further extended in accordance with the NZTC), and the date by which the offer is to become unconditional is varied to be March 14, 2013 London time (unless further extended in accordance with the NZTC). The applicable NZTC rule provides that the offer must remain open for at least 14 days after a variation notice has been sent.

A copy of Emulex’s Offer, Endace’s response (including the unanimous recommendation of the Endace Board that Endace shareholders accept the offer), and the Independent Adviser’s report prepared by Grant Samuel was sent to Endace shareholders and optionholders on December 21, 2012.

Emulex Form 8-K filed on December 21, 2012

Read also:
Emulex Intents To Acquire Endace for $130 Million
In network performance management

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