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Tuesday, May 24, 2016
VOLUME -23 NUMBER 10
Publication Date: 10/1/2008
Front Page News
People in the News
Electronic Mfg. Services
Electronic Mfg. Products
Special Feature: Components and Distribution
Product Preview: electronica
October 2008 Issue
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Cherokee International to Be Acquired by Lineage Power Holdings
Tustin, CA — Cherokee International (NASDAQ: CHRK) has entered into a definitive merger agreement with Lineage Power Holdings, Inc., a Gores Group company, under which Lineage will acquire all of the outstanding shares of Cherokee International. Under the terms of the agreement, stockholders of Cherokee International will receive $3.20 per share of common stock held, in an all-cash transaction.
According to Ryan Wald, Managing Director of The Gores Group, Cherokee will become a division of Lineage and will continue to be a leader in the custom power solutions marketplace.
The transaction is subject to the approval of Cherokee International's stockholders and to regulatory approvals. The companies anticipate that the transaction will be completed in the fourth calendar quarter of 2008.
Contact: Cherokee International, 2841 Dow Ave., Tustin, CA 92780
714-544-6665 fax: 714-838-4742 Web:
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