Kla tencor option backdating who is reece witherspoon dating

14-Sep-2017 21:51

The transaction is expected to close in the second calendar quarter of 2008 and is subject to the following closing conditions: (a) the acceptance of the offer by holders of at least 85% of ICOS's outstanding shares, (b) ICOS not having distributed any new dividend to its shareholders prior to completion of the bid, the bid must not be subject to review by any governmental authority regulating antitrust, competition or merger control matters in any jurisdiction beyond the initial phase of review for the applicable jurisdiction, and (d) the absence of any material adverse change with respect to ICOS.

KLA-Tencor's current expectation is that, prior to the scheduled end date of the tender offer, it will receive all decisions from the applicable governmental competition authorities as to whether condition above has been satisfied.

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Backdating is not in itself illegal as long as the practice is properly disclosed and fully accounted for in financial statements.

(Adds company statement, Schroeder attorney, case details, byline) By Karey Wutkowski WASHINGTON, July 25 (Reuters) - The U. Securities and Exchange Commission said on Wednesday that it charged the former chief executive of KLA-Tencor Corp.

() with fraud for his involvement in a stock options backdating scheme.

The acceptance period for the tender offer begins on April 8, 2008 and is scheduled to end on May 19, 2008 at 4 p.m. If the bid is completed on May 19, 2008, the results of the bid will be published no later than May 26, 2008, and settlement will take place no later than ten business days following the announcement of the bid results.

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The bid price is €36.50 for each share, €32.76 for each 2002 warrant and €5.60 for each 2007 option.

ICOS is headquartered in Leuven, Belgium and has R&D centers in Belgium, Germany and Hong Kong, sales and support offices in Japan, the USA, Singapore, Hong Kong, Korea and Taiwan and production facilities in Belgium, Hong Kong and China. Disclaimer: With the exception of the CBFA, no other authority in any other jurisdiction has approved the prospectus, the bid or any possible squeeze-out.