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Technology Stocks : SIGMA CIRCUITS

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To: Karl Drobnic who wrote (98)10/1/1996 9:53:00 AM
From: Thom   of 107
 
Reuters NewsContinental Circuits to acquire Sigma
------------------------------------------------------------------------
PHOENIX, Sept 30 (Reuter) - Continental Circuits Corp and
Sigma Circuits said Monday they signed an agreement
for Continental Circuits will acquire all the outstanding
shares of Sigma Circuits in exchange for Continental Circuits
stock.
Under the terms of the deal, Sigma shareholders would
receive 0.70 shares of Continental Circuits stock for each
share of Sigma stock, the companies said.
Subject to the execution of a definitive agreement and
regulatory and shareholder approval, the deal is expected to be
completed by early 1997.
Sigma Circuits manufactures electronic interconnect
products including multilayer printed circuit boards (PCBs),
backplane assemblies and flexible circuits. Continental
Circuits manufactures of complex, multilayer circuit boards.
For the fiscal year ended June 30, Sigma reported revenues
of $87.7 million, while Continental reported revenues of $108.3
million for its fiscal year ended July 31.
-- New York Newsdesk 212-859-1610
REUTER
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