LONDON (Thomson Financial) - Bel Fuse Inc. said Friday it has contacted the
chief executive officer of Power-One Inc. to outline the benefits of a merger of
the two companies.
Bel Fuse CEO Daniel Bernstein said the companies are an ideal strategic fit,
in a letter addressed to Power-One Inc's Chairman Jay Walters and CEO Richard
Thompson.
Bernstein added that he had been trying to contact Power-One over the last
couple of weeks, with a view to discussing a merger, but with no success.
Bel Fuse, a maker of network communication equipment, announced on February
25 that it had acquired a 5% stake in Power-One.
Bel Fuse shares ended Thursday's session, down 9 cents at $30 while
Power-One rose a penny to $2.44.
Mark.cotton@thomson.com
mc1/tk1
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