Concurrent Files Definitive Proxy Statement for Proposed Sale of Content Delivery & Storage Business to Vecima Networks; Files Form 10Q Reporting Fiscal 2018 First Quarter Financial Results
(Thomson Reuters ONE) -
ATLANTA, Nov. 13, 2017 (GLOBE NEWSWIRE) -- Concurrent (NASDAQ:CCUR), a global
leader in storage, protection, transformation, and delivery of visual media
assets, filed a definitive proxy statement on November 6, 2017 with the
Securities and Exchange Commission (SEC) in connection with the Asset Purchase
Agreement dated as of October 13, 2017 between Concurrent, as seller, and Vecima
Networks Inc. (TSX:VCM), as purchaser. Concurrent's special meeting of
stockholders to vote on the proposed Asset Purchase Agreement and other matters
will be held December 13, 2017 at 9:00 AM ET. The meeting will be held at 4375
River Green Parkway, Suite 100, Duluth, Georgia 30096. All Concurrent
stockholders of record as of the close of business on November 3, 2017 will be
entitled to vote their shares at the special meeting, either in person or by
proxy.
In addition, Concurrent reported today it has filed its Form 10Q reporting the
results for the first quarter of fiscal 2018.
About Concurrent
Concurrent (NASDAQ:CCUR) is a global company that develops software solutions
focused on storing, protecting, transforming, and delivering visual media
assets. We serve industries and customers that demand uncompromising
performance, reliability and flexibility to gain a competitive edge, drive
meaningful growth and confidently deliver best-in-class solutions that enrich
the lives of millions of people around the world every day. Offices are located
in North America, Europe and Asia. Visit www.concurrent.com for further
information and follow us on Twitter: www.twitter.com/Concurrent_CCUR.
Forward Looking Statements
Certain statements in this communication and the documents referenced herein
constitute forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
often identified by words such as "anticipate," "believe," "intend," "estimate,"
"expect," "see," "continue," "could," "can," "may," "will," "likely," "depend,"
"should," "would," "plan," "predict," "target," and similar expressions, and may
include references to assumptions and relate to Concurrent's future prospects,
developments and business strategies. Except for the historical information
contained herein, the matters discussed in this communication are forward-
looking statements that involve risks and uncertainties that may cause
Concurrent's actual results to be materially different from such forward-looking
statements and could materially adversely affect its business, financial
condition, operating results and cash flows. These risks and uncertainties
include the occurrence of any event, change or other circumstances that could
give rise to the termination of the Asset Purchase Agreement; the failure to
obtain the approval of Concurrent's stockholders or required third party
consents or the failure to satisfy any of the other closing conditions to the
Asset Purchase Agreement; potential disruption of management's attention from
Concurrent's ongoing business operations due to the transaction; the effect of
the announcement of the Asset Purchase Agreement on the ability of Concurrent to
retain and hire key personnel and maintain relationships with its customers,
suppliers and others with whom it does business, or on its operating results and
business generally; general business conditions; changes in overall economic
conditions that impact consumer spending; the impact of competition; and other
factors which are often beyond the control of Concurrent, as well other risks
listed in the definitive proxy statement filed on November 6, 2017 or
Concurrent's Form 10-K filed September 20, 2017 with the Securities and Exchange
Commission and risks and uncertainties not presently known to Concurrent or that
Concurrent currently deems immaterial. Concurrent wishes to caution you that you
should not place undue reliance on such forward-looking statements, which speak
only as of the date on which they were made. Concurrent does not undertake any
obligation to update forward-looking statements, except as required by law.
Media Relations:
Sandra Dover
(678) 258-4112
Sandra.dover(at)concurrent.com
Investor Relations:
Doug Sherk
(415) 652-9100
dsherk(at)evcgroup.com
Todd Kehrli
(310) 625-4462
tkehrli(at)evcgroup.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Concurrent Computer Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.11.2017 - 18:31 Uhr
Sprache: Deutsch
News-ID 567883
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