Crescendo Partners

December 23, 2010 00:00 ET

Crescendo Partners Enters Into Agreements With Teledyne Technologies Incorporated in Respect of Acquisition of DALSA Corporation

NEW YORK, NEW YORK--(Marketwire - Dec. 22, 2010) - Mr. Eric Rosenfeld, Chief Executive Officer of Crescendo Partners, announced today that he and Crescendo Partners II, L.P. and Crescendo Partners III, L.P. (collectively, "Crescendo Partners") have entered into agreements (the "Agreements") with Teledyne Technologies Incorporated (NYSE:TDY) ("Teledyne") pursuant to which they have agreed to support and vote in favour of the transaction announced today involving the proposed acquisition by Teledyne of all of the outstanding shares of DALSA Corporation (TSX:DSA) ("DALSA") for CAD $18.25 per share payable in cash. The Agreements relate to 2,093,700 common shares beneficially owned by Crescendo Partners, which represent approximately 11.4% of the outstanding common shares of DALSA, as well as 14,445 deferred share units held by Mr. Rosenfeld. Mr. Rosenfeld is also a director of DALSA.

This press release is being issued pursuant to applicable securities law requirements.

Contact Information

  • Crescendo Partners
    Mr. Eric Rosenfeld
    212-319-7676
    825 3rd Ave, 40th floor
    New York, New York 10022