defa14a
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
RULE 14a-101
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 |
TERAYON COMMUNICATION SYSTEMS, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Attached
below is a press release issued by Terayon Communication Systems, Inc. on June 11, 2007.
Terayon Announces Early Termination of
Hart-Scott-Rodino Waiting Period
U.S. Antitrust Condition for Acquisition Satisfied
Santa Clara, California June 11, 2007 Terayon Communication Systems, Inc. (Pink Sheets:
TERN.PK) (Terayon or the Company) announced today that the Federal Trade Commission has granted
early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of
1976, as amended, in connection with the previously announced merger agreement between Terayon and
Motorola. Completion of the transaction, expected during the second or third quarter of 2007,
remains subject to customary closing conditions, including clearance under merger control laws of
various non-United States jurisdictions and the approval of Terayons stockholders.
About Terayon
Terayon Communication Systems, Inc. (Pink Sheets: TERN.PK) provides real-time digital video
networking applications to cable, satellite and telecommunication service providers worldwide,
which have deployed more than 7,800 Terayons CherryPickers and related digital video system
components to localize services and advertising on-demand and brand their programming, insert
millions of digital ads, offer HDTV and other digital video services. Terayon maintains its
headquarters in Santa Clara, California, has sales and support offices worldwide and is on the web
at www.terayon.com.
Note: Terayon and the Terayon logo are registered trademarks of Terayon Communication Systems, Inc.
All other trademarks are property of their respective owners.
Terayon Announces Early Termination of Hart-Scott-Rodino Waiting Period
Page 2
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband
communications. Inspired by our vision of seamless mobility, the people of Motorola are committed
to helping you connect simply and seamlessly to the people, information, and entertainment that you
want and need. We do this by designing and delivering must have products, must do experiences
and powerful networks along with a full complement of support services. A Fortune 100 company
with global presence and impact, Motorola had sales of US $42.9 billion in 2006. For more
information about our company, our people and our innovations, please visit
http://www.Motorola.com.
Forward Looking Statements
Certain statements contained in this press release, including the expected timetable for completing
the proposed transaction between Motorola and Terayon Communication Systems, might be considered
forward-looking statements. While these forward-looking statements represent managements current
judgment of future events, they are subject to risks and uncertainties that could cause actual
results to differ materially from those stated or implied in any forward-looking statements.
Important factors that could cause actual results or events to differ materially from those
indicated by such forward-looking statements include, without limitation, the following: (i) the
parties ability to consummate the transaction; (ii) the shareholder and regulatory approvals
required for the transaction may not be obtained on the terms expected, or in a timely manner, or
the other closing conditions to the completion of the transaction may not be satisfied; and (iii)
the other factors described in Terayon Communication Systems Annual Report on Form 10-K for the
year ended December 31, 2006 and its subsequent reports filed with the SEC. Readers are strongly
urged to read the full cautionary statements contained in these materials. There can be no
assurance that the transactions contemplated by the merger agreement will be consummated. Motorola
and Terayon Communication Systems assume no obligation to update or revise any forward-looking
statement in this press release, and such forward-looking statements speak only as of the date
hereof.
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Press Contacts:
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Investor Contact: |
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Paul Schneider
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Kirsten Chapman / Moriah Shilton |
PSPR, Inc.
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Lippert/Heilshorn & Associates |
(215) 702-9784
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(415) 433-3777 |
pspr@att.net
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mshilton@lhai.com |