Bowne & Co. to Purchase Bankrupt Mendez S.A. Assets
Press release from the issuing company
NEW YORK, Aug. 2 -- Bowne & Co., Inc. (NYSE: BNE), the world's largest financial printer and the leader in globalization services through its Bowne Global Solutions division, today announced its agreement with Belgium-based Lernout & Hauspie Speech Products N.V. to acquire Mendez S.A. and related assets, for the purchase price of $44.5 million. Mendez is a leading provider of localization, translation technology and technical translation services. The agreement is subject to the approval of the U.S. Bankruptcy Court in Delaware and The Commercial Court in Ieper, Belgium. The U.S. Bankruptcy Court has scheduled a hearing for August 7, 2001.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.