Sanmina Corporation and SCI Systems Comment on Merger Schedule
SAN JOSE, Calif. and HUNTSVILLE, Ala., Aug. 22 /PRNewswire/ -- Sanmina Corporation (Nasdaq: SANM) and SCI Systems, Inc. (NYSE: SCI), announced today that due to customary review by the Securities and Exchange Commission of proxy materials for significant merger transactions, the special meetings of stockholders of Sanmina and SCI to vote upon the previously announced merger of the two companies will most likely be held in November 2001. The exact date for the special meetings will be determined after receipt of comments by the SEC on the Registration Statement filed by Sanmina on August 10, 2001. The Registration Statement included the proxy statement/prospectus related to the two companies' special meetings of stockholders and to the shares of Sanmina common stock, which will be issued in connection with the merger. Sanmina and SCI also announced that the record dates for determining Sanmina and SCI stockholders entitled to notice of and to vote at their special meetings and the date for such meetings will be announced when they are determined. About Sanmina Founded in 1980, Sanmina (www.sanmina.com) provides a cost-efficient, design and manufacturing solution to the world's leading original equipment manufacturers (OEM) in the communications, medical, industrial instrumentation, and high-end computer sectors. Sanmina's end-to-end solution includes design engineering and product development, new product introduction, global materials management, PCB and backplane fabrication and assembly, custom memory and DSP modules, enclosure systems, cable assembly, complete system integration and test, global order fulfillment and distribution, and end-of-life product services. OEMs benefit from this model by dealing with a single-source supply-chain and global supply base which helps them achieve cost efficiencies in material acquisition as well as flexibility to reduce lead times. About SCI SCI Systems, Inc. (www.sci.com) delivers supply chain solutions through its global reach, dedication, quality, efficiency and total commitment to customer service. The company continues to pioneer new and innovative end-to-end services through its commitment to being the leading e-enabled EMS services provider. SCI -- the e-EMS Company is dedicated to providing manufacturing and related services for the new millennium. SCI is publicly traded on the New York Stock Exchange under the symbol SCI. SCI operates 49 facilities located in 19 countries. SCI employs more than 35,000 people. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X83839423
SOURCE Sanmina Corporation
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