December 18, 1990 |
Diceon Electronics Inc. said Monday that it has agreed to turn over its shareholder list to the San Diego firm that is trying to acquire the Irvine computer circuit board maker for $27.2 million. Calvary Partners Ltd., a San Diego buyout firm, had sued Diceon in Delaware Chancery Court on Nov. 27, seeking a court order to force release of the shareholder list. Peter Jonas, Diceon's vice chairman, declined to comment on why the firm agreed to provide the list to Calvary.
December 1, 1990 |
A San Diego investment group launched an unsolicited tender offer Friday to acquire Diceon Electronics Inc., a financially troubled manufacturer of computer products, for $27.2 million. Calvary Partners said it has offered $5.25 cash for each of Diceon's 5.1 million common shares outstanding that it doesn't already own.
December 11, 1990 |
Calvary Partners LP, a San Diego investment firm, is seeking a court order to force Diceon Electronics Inc. to turn over its shareholders' list in connection with Calvary's $27.2-million tender offer for the Irvine electronics firm. In a suit filed Friday in Delaware Chancery Court, Calvary alleges that Diceon failed to comply with Calvary's request to supply it with a list of company shareholders.
December 20, 1990 |
Diceon Electronics Inc. on Wednesday spurned a $27.2-million hostile bid from Calvary Partners LP in San Diego, saying the offer was too low and didn't reflect Diceon's value in the market. Diceon's board of directors, making its first response to Calvary's 3-week-old offer, also called the bid "highly conditional" and questioned the San Diego's firm's ability to finance the purchase price.
January 24, 1991 |
Shareholders overwhelmingly rejected a San Diego holding company's attempt to take control of the board of directors of Diceon Electronics Inc. at the company's annual meeting Wednesday. Sherwin Samuels, general counsel for Diceon, a manufacturer of sophisticated computer circuit boards, said a preliminary count indicates that more than 90% of shareholders who voted sided with the company in the proxy fight with Calvary Partners LP. Proxies for about 87% of Diceon's 5.