|
Friday, May 18, 2001
+++ Relative values and share exchange ratio of merger
of INTRACOM S.A. AND INTRASOFT S.A. +++
With regard to the proposed merger of INTRACOM and Intrasoft,
the proposal of the management of the two companies on their relative
values is 4.8x Intrasoft to 1x INTRACOM. In other words, the total value
of INTRACOM "equals" 4.8x the total value of Intrasoft. This proposal
will be submitted for approval to the respective Board of Directors of
INTRACOM and Intrasoft and was based on the relevant proposal by independent
auditors Ernst & Young.
The implied exchange ratio for the minority shareholders
of Intrasoft, based on that proposal, is 1 share of INTRACOM for every
2.1019 shares of Intrasoft.
The share exchange ratio is going to be part of the
Merger Plan, which is expected to be completed by the end of June 2001
|
