ATSN Artesyn Technologies (MM)

BOCA RATON, Fla., April 28 /PRNewswire-FirstCall/ -- Artesyn Technologies, Inc. (NASDAQ:ATSN), a world leader in power conversion and embedded board solutions for communications infrastructure applications, announced today that its shareholders have voted to approve the acquisition via merger of Artesyn by Emerson Electric Co. At a special meeting of Artesyn shareholders held today, the merger was approved by more than 99% percent of shares that were voted, and well over the approval requirement of a majority of the outstanding shares eligible to vote. (Logo: http://www.newscom.com/cgi-bin/prnh/20050117/FLMLOGO ) Under the terms of the merger, each outstanding share of Artesyn common stock will be converted into the right to receive $11.00 in cash. The merger became effective earlier today. After the close of business today, Artesyn will no longer be a public company, and its shares will not trade on Nasdaq. About Artesyn Technologies, Inc. Artesyn Technologies, Inc., headquartered in Boca Raton, FL., is a world leader in the design, manufacture and sale of power conversion and embedded board solutions for infrastructure applications in server and storage, networking, wireless and telecommunications systems. Artesyn's products are used in middle to high-end servers, data storage devices, routers, hubs, high- speed modems, RF amplification systems, base station controllers and transceivers. The Company has a global sales reach with design and manufacturing facilities in Asia, Europe and North America. Artesyn is a public company whose common stock is traded on the Nasdaq stock market under the symbol ATSN. For more information, please visit the Company's web site at http://www.artesyn.com/ . Cautionary Statement About Forward-Looking Statements Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these forward- looking statements involve certain risks and uncertainties and may differ materially from actual future events or results. Undue reliance should not be placed on such forward-looking statements. Certain risks and uncertainties are identified in Artesyn's periodic filings with the United States Securities and Exchange Commission, specifically the most recent annual report on Form 10-K, filed on March 13, 2006. Some of these risk factors include, but are not limited to, operating in a volatile, competitive industry characterized by rapidly changing prices, technologies and demands associated with global manufacturing in foreign locations, dependence on a relatively small number of customers, dependence on and volatility of foreign sales, and technological changes which may render our existing products uncompetitive or obsolete. Any forward-looking statement made in this release is made as of the date of this release and should not be relied upon as representing our estimates as of any subsequent date. Artesyn assumes no obligation to update any such forward- looking statements. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change. For a more detailed discussion of such risks and uncertainties, the Company strongly encourages you to review its SEC filings. http://www.newscom.com/cgi-bin/prnh/20050117/FLMLOGO http://photoarchive.ap.org/ DATASOURCE: Artesyn Technologies CONTACT: Pamela Rembaum, Director, Investor Relations, Artesyn Technologies, +1-561-451-1028, or Web site: http://www.artesyn.com/

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