Trimble and @Road Announce Expiration of HSR Waiting Period
January 23 2007 - 5:44PM
PR Newswire (US)
SUNNYVALE, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Trimble
(NASDAQ:TRMB) and @Road, Inc. (NASDAQ:ARDI) today announced that
the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended ("HSR"), in connection with
Trimble's pending acquisition of @Road expired at 11:59 p.m.
Eastern Time on January 22, 2007. Expiration of the HSR waiting
period is a condition to completion of the merger between Trimble
and @Road. The consummation of the transaction remains subject to
other customary conditions, including approval by stockholders of
@Road. Trimble and @Road continue to expect to complete these
activities as previously announced and to close the merger in
February 2007. About @Road @Road, Inc. is a leading global provider
of solutions designed to automate the management of mobile
resources and to optimize the service delivery process for
customers across a variety of industries. @Road delivers Mobile
Resource Management solutions in three key areas: Field Force
Management, Field Service Management and Field Asset Management. By
providing real-time Mobile Resource Management infrastructure
integrating wireless communications, location-based technologies,
transaction processing and the Internet, @Road solutions are
designed to provide a secure, scalable, upgradeable, enterprise-
class platform, and are offered in on-demand software delivery,
on-premise or hybrid environments that can seamlessly connect
mobile workers in the field to real-time corporate data. @Road is
headquartered in Fremont, Calif., and has a global presence with
offices in North America, Europe and Asia. For more information on
@Road solutions, visit http://www.road.com/. About Trimble Trimble
applies technology to make field and mobile workers in businesses
and government significantly more productive. Solutions are focused
on applications requiring position or location-including surveying,
construction, agriculture, fleet and asset management, public
safety and mapping. In addition to utilizing positioning
technologies, such as GPS, lasers and optics, Trimble solutions
typically include software content specific to the needs of the
user. Wireless technologies are utilized to deliver the solution to
the user and to ensure a tight coupling of the field and the back
office. Founded in 1978 and headquartered in Sunnyvale, Calif.,
Trimble has a worldwide presence with more than 2,600 employees in
over 18 countries. Certain statements made in this news release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, and are made pursuant to the safe harbor provisions of
the Securities Litigation Reform Act of 1995. This press release
contains forward-looking statements that include the timing of
closing of the proposed acquisition. These forward-looking
statements are subject to risks which could cause actual results to
differ materially from expected results. The timing of closing is
dependent on the satisfaction of certain conditions including
approval by stockholders of @Road. There can be no assurance that
these conditions will be satisfied or that the transaction will be
consummated. More information about potential factors which could
affect Trimble's business and financial results is set forth in
reports filed with the SEC, including Trimble's quarterly reports
on Form 10-Q and its annual report on Form 10-K. All
forward-looking statements are based on information available to
Trimble as of the date hereof, and Trimble assumes no obligation to
update such statements. This communication shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended. ADDITIONAL INFORMATION ABOUT
THE MERGER AND WHERE TO FIND IT Trimble and @Road filed with the
SEC a prospectus/proxy statement and other relevant materials in
connection with the proposed acquisition of @Road by Trimble
pursuant to the terms of an Agreement and Plan of Merger by and
among Trimble, Roadrunner Acquisition Corp., a wholly-owned
subsidiary of Trimble, and @Road. The prospectus/proxy statement
has been mailed to the stockholders of @Road. The prospectus/proxy
statement and other relevant materials, and any other documents
filed by Trimble or @Road with the SEC, may be obtained free of
charge at the SEC's web site at http://www.sec.gov/. In addition,
investors and security holders may obtain free copies of the
documents filed with the SEC by Trimble by contacting Trimble
Investor Relations, 935 Stewart Drive, Sunnyvale, California 94085,
(408) 481-7838. Investors and security holders may obtain free
copies of the documents filed with the SEC by @Road by contacting
@Road Investor Relations, 47071 Bayside Parkway, Fremont,
California 94538, (510) 870-1317. Investors and security holders of
@Road are urged to read the prospectus/proxy statement and the
other relevant materials, as well as any amendments or supplements
to those documents, when they become available before making any
voting or investment decision with respect to the proposed merger.
DATASOURCE: Trimble CONTACT: Investor Relations, Willa McManmon,
+1-408-481-7838, or Media, LeaAnn McNabb, +1-408-481-7808, both of
Trimble Web site: http://www.trimble.com/ http://www.road.com/
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