GN Netcom completes tender offer for Hello Direct

Nashua, NH-based GN Netcom A/S, a wholly owned subsidiary of GN Great Nordic Ltd., has completed its tender offer to purchase all outstanding shares of Hello Direct Inc. at US $16.40 per share. The company has accepted for payment all Hello Direct shares validly tendered and not withdrawn as of the expiration of the offer.

The tender offer will be followed by a merger of GN Acquisition Corp., a wholly owned subsidiary of GN Netcom, with and into Hello Direct. Upon completion of the merger, Hello Direct will become an indirect, wholly owned subsidiary of GN Great Nordic Ltd. GN Netcom plans to proceed promptly with the steps necessary to complete the merger.

In August 2000, GN Netcom acquired San Diego-based JABRA Corp., a supplier of advanced hands-free headset/earset products for cellular, desktop, and computer applications. Hello Direct is a developer and business to business direct marketer of desktop telephony and equipment interface solutions, including headsets, teleconferencing, wireless, and related desktop products.

Edited by Ellen Jensen
Managing Editor, Wireless Networks Online