HP to Seek Compulsory Acquisition of Remaining Indigo Shares
Press release from the issuing company
PALO ALTO, Calif.---April 10, 2002--Hewlett-Packard indirect subsidiary Indigo N.V., a company organized under the laws of The Netherlands, has informed the staff of the Nasdaq that it will delist its common shares from the Nasdaq National Market.
As of the close of the market on April 10, 2002, Indigo's common shares will no longer be quoted for trading on any tier of Nasdaq. As a result, any subsequent transfer of Indigo common shares will require the execution of a notarial deed of transfer, which must be executed in The Netherlands in the presence of a civil law notary practicing in The Netherlands; otherwise such transfer will be null and void under the controlling provisions of the Dutch Civil Code.
Indigo also intends to file a Form 15 to deregister its common shares under the Securities Exchange Act of 1934 as of April 11, 2002. Among other things, deregistration would reduce the information that Indigo must furnish to its shareholders and to the Securities and Exchange Commission and would cause Indigo to no longer be subject to various SEC rules.
In addition and pursuant to article 2:92a of the Dutch Civil Code, HP intends to commence a compulsory acquisition of the remaining outstanding Indigo common shares that it does not control. Upon the completion of the compulsory acquisition process, which is subject to the jurisdiction of the Enterprise Division of the Court of Appeals in Amsterdam, The Netherlands, it is expected that Indigo will become a wholly-owned and indirect subsidiary of HP.
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