DALSA reacts to Dow Jones article

In a corporate announcement, DALSA  reacted to a Dow Jones article published yesterday by reaffirming DALSA's practice not to comment on market rumour or speculation. The article reported that DALSA had been in negotiations to be acquired by a US private-equity firm.

Sep 8th, 2010

In a corporate announcement, DALSA (TSX:DSA; Waterloo, ON, Canada) reacted to a Dow Jones article published yesterday by reaffirming DALSA's practice not to comment on market rumour or speculation. The Dow Jones article reported that DALSA had been in negotiations to be acquired by a US private-equity firm but the deal had foundered.

DALSA said that it reviewed the Dow Jones article after its publication, and based on this practice, determined that no further comment on the news article is appropriate. However, DALSA did confirm that it is not currently in discussions with respect to any strategic transaction. Indeed, following a strategic review during the current quarter, the company said it has a strong positive outlook and is aggressively pursuing its long-term growth strategy and short-term implementation plans.

Posted by Vision Systems Design

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