Carrier Access Stockholders Approve Acquisition by Turin Networks
Market Wire, February, 2008
Carrier Access® Corporation (NASDAQ: CACS), a leading provider of data and voice transport solutions, today announced that at the special meeting of stockholders held today, its stockholders approved the previously announced acquisition of Carrier Access by Turin Networks, Inc. The parties anticipate that the closing of the transaction will occur today. Upon completion of the transaction, Carrier Access shares will cease trading on Nasdaq, and stockholders will have the right to receive $2.60 in cash, without interest, per share of Carrier Access' common stock.
About Carrier Access Corporation
Carrier Access (NASDAQ: CACS) provides consolidated access technology designed to streamline the communication network operations of wireless and wireline carriers, cable operators, enterprises and government agencies. Carrier Access products enable customers to consolidate and upgrade access capacity and implement converged IP services, while lowering costs and accelerating service revenue. Carrier Access' technologies help our customers do more with less. For more information, visit www.carrieraccess.com or call 1-800-365-2593.
About Turin Networks
Turin Networks, Inc. is a global provider of metro transport and switching solutions for wireline, wireless, MSO and private networks. Turin's iConnect(TM)-based solutions facilitate migration to end-to-end Carrier Ethernet over any media for all types of network operators. Turin's products have been deployed by more than 300 customers worldwide to increase revenue through expanded optical network capacity and efficient delivery of new Ethernet/IP-based services. Turin is headquartered in Petaluma, California with R&D facilities in Petaluma, Dallas and Boston, and sales offices throughout the world. For more information, visit www.turinnetworks.com or call 707-665-4400.
Carrier Access and the Carrier Access logo, is a registered trademark of Carrier Access, Corporation Inc. in the U.S.
For more information, please contact: Debra Layton Carrier Access 303.218.5524 Email Contact
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