Molex completes acquisition of Woodhead Industries

LISLE, Ill., 11 August 2006. Molex Incorporated has completed the final step in the previously reported acquisition of Woodhead Industries Inc. through the merger of a wholly-owned subsidiary of Molex with Woodhead. As a result of the merger, Woodhead is now a wholly-owned subsidiary of Molex. The merger followed the recently-completed tender offer by Molex.

Aug 11th, 2006

LISLE, Ill., 11 August 2006. Molex Incorporated has completed the final step in the previously reported acquisition of Woodhead Industries Inc. through the merger of a wholly-owned subsidiary of Molex with Woodhead. As a result of the merger, Woodhead is now a wholly-owned subsidiary of Molex. The merger followed the recently-completed tender offer by Molex.

At the time of the merger, Molex owned more than 90 percent of the outstanding shares of common stock of Woodhead Industries Inc.

In the merger, each share of Woodhead's outstanding common stock was cancelled and (except for shares held by Molex, its subsidiaries or stockholders properly exercising statutory appraisal rights under Delaware law) converted into the right to receive $19.25 per share (the price paid in the tender offer), net to the seller in cash, without interest and less any required withholding taxes.

Molex is based in Lisle, Ill., and is a 68-year-old manufacturer of electronic components, including electrical and fiber optic interconnection products and systems, switches, and integrated products, with 58 plants in 19 countries throughout the world.

Woodhead, based in Deerfield, Ill., develops, manufacturers, and markets networks and electrical infrastructure products engineered for performance in harsh, demanding, and hazardous industrial environments and operates from 21 locations in 10 countries spanning North America, Europe and Asia/Pacific.

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