Pulse Electronics Corporation (PULS) has received an unsolicited proposal from Bel Fuse (BELFB) to acquire all of the outstanding shares of Pulse Electronics for $6.00 per share. The Pulse Electronics Board of Directors will review the proposal, consistent with its fiduciary duties, in consultation with its financial and legal advisors. There is no need for Pulse Electronics shareholders to take any action at this time. As previously announced, Pulse received two letters from Bel Fuse where the company provided notice that states it intends to nominate four candidates for election to the Pulse Electronics Board of Directors at the Companys 2011 Annual Meeting of Shareholders. Shareholders are advised to take no action at this time with respect to Bel Fuses director nominees pending review by the Boards Governance and Nominating Committee.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...