Medindia
Medindia LOGIN REGISTER
Advertisement

Arrow International Sends Letter Reminding Shareholders to Vote White Proxy Card in Support of Teleflex Merger and Election of Current Board of Directors

Friday, September 14, 2007 General News
Advertisement
READING, Pa., Sept. 13 Arrow International, Inc.(Nasdaq: ARRO) today sent another letter to shareholders urging them to votetoday on the WHITE proxy card for its planned $45.50 merger with TeleflexIncorporated (NYSE: TFX) and to re-elect the Arrow Board of Directors, who arecommitted to completing the Teleflex transaction and delivering $45.50 pershare of Arrow common stock to shareholders once the merger is consummated.The Annual Meeting is on September 20, 2007.
Advertisement

Your vote in support of the merger on the WHITE proxy card is veryimportant

With the Annual Meeting just a week away on September 20, we urge you tovote your WHITE proxy card NOW in support of our $45.50 per share merger withTeleflex. By voting the WHITE proxy card, and voting to approve thistransaction and re-elect all of the members of your current Board ofDirectors, you can help assure that the merger is completed and that you willreceive your cash payment.
Advertisement

Your vote to re-elect Arrow's director-nominees is also very important

If you are in favor of the Teleflex merger, we believe it is in your bestinterests to vote to re-elect your current Board of Directors. Thesedirectors are experienced, dedicated and fully committed to completing theTeleflex merger and protecting the interests of all Arrow shareholders. Yourcurrent Board of Directors initiated the strategic alternatives process thatresulted in the $45.50 per share cash offer from Teleflex.

Do NOT add risk by voting for the McNeil Trust

There is no need to add uncertainty to the merger closing process byelecting new directors, as the McNeil Trust is attempting to do. The McNeilTrust opposed the strategic alternatives process from the beginning and voicedsupport for the merger only after the transaction was publicly announced.There is a difference between being committed to a transaction and merelyagreeing to vote for it. We do not think it is in your best interest to allownominees of a shareholder who is not committed to completing this mergerhandle any issues that may arise between the approval of the merger agreementand the closing of the transaction. We believe the McNeil Trust's nomineesare not the best option for shareholders. We believe their slate presentsadded risk to the transaction, and in the unlikely event the merger is notconsummated, the Trust's slate offers only a return to the disappointmentsthat existed when the current Board of Directors decided to explore strategicalternatives. We strongly urge you NOT to sign or return any blue proxy cardsto the McNeil Trust.

Please vote the WHITE proxy card today

If your shares are held by your brokerage firm or bank, you must providethem with instructions on how to vote on your behalf or they will be unable tovote your shares on certain issues, including the adoption of the mergeragreement. Given that time is short, we encourage you to follow theinstructions on the enclosed form to vote by telephone or Internet.

If you have any questions or would like assistance in voting your sharesof Arrow common stock, please call our proxy solicitor, Morrow & Co., Inc.,toll-free at 1-800-662-5200.

About Arrow

Arrow develops, manufactures and markets a broad range of clinicallyadvanced, disposable catheters and related products for critical and cardiaccare. The company's products are used primarily by anesthesiologists, criticalcare specialists, surgeons, emergency and trauma physicians, cardiologists,interventional radiologists and other healthcare providers. Arrow's newsreleases and other company information can be found on the World Wide Web athttp://www.arrowintl.com . Arrow's common stock trades on the NASDAQ GlobalSelect Market(TM) under the symbol ARRO.

Additional Information

In connection with the proposed acquisition of Arrow by TeleflexIncorporated and Arrow's 2007 Annual Meeti
Sponsored Post and Backlink Submission


Latest Press Release on General News

This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close