Form SC TO-T / A IEC ELECTRONICS CORP Filed by: CTI Acquisition Corp.
Exhibit (a) (5) (E)
FOR IMMEDIATE RELEASE
Creation and IEC Electronics Corp. announce an extension of the public tender offer
Newark, NY and Boston, MA ?? September 24, 2021 ?? IEC Electronics Corp. (NASDAQ: IEC) (?? IEC ??) and Creation Technologies Inc. (?? Creation ??) jointly announced today that CTI Acquisition Corp. (?? Merger Sub ??), an entity controlled by Creation, had extended the offer period of the previously launched cash tender offer by Merger Sub to purchase all of the issued and outstanding common shares of IEC until 5:00 p.m. New York time on September 30, 2021, except extension. The take-over bid was previously scheduled to expire at the end of the day at midnight New York time on September 23, 2021.
As provided by the terms of the merger agreement, Creation extended the offer period because less than two-thirds IEC actions were taken. Computershare Trust Company, NA, the custodian of the tender offer, informed Creation that at 6:00 p.m. New York time on September 23, 2021, 6,406,629 common shares of IEC, representing approximately 60.0% of the issued and outstanding IEC shares were deposited as part of the public tender offer. Shareholders who have already tendered their IEC ordinary shares do not have to hand over their actions or take any other action as a result of the extension of the expiry of the tender offer.
DF King & Co., Inc. is the information agent for the tender offer and any questions or requests for a tender offer and related documents relating to the tender offer may be directed to them. by phone, toll-free, at (800) 848-2998, if a shareholder, or by calling (212) 269-5550, whether a bank or a broker.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be illegal.
About IEC electronics
IEC Electronics is an electronics manufacturing service provider (?? EMS ??) to leading technology companies that produce vital and critical products for the medical, industrial, aerospace and defense industries. The company specializes in providing technical solutions for the tailor-made manufacture of complex complete system sets in
provide on-site analyzes test labs, custom design and test engineering services combined with a wide range of manufacturing services encompassing electronics, interconnect solutions and precision metalworking. As a full EMS service provider, IEC holds all the appropriate certifications for the market sectors it supports including ISO 9001: 2015, AS9100D, ISO 13485 and is Nadcap accredited. IEC Electronics is headquartered in Newark, NY and also has operations in Rochester, NY and Albuquerque, NM. Additional information on the IEC can be found on its website. at www.iec-electronics.com.
About Creative Technologies
Creation provides complete product lifecycle solutions including turnkey design, rapid prototyping, manufacturing and execution to customers around the world. Since 1991 Creation has focused on making it easy for OEMs to say yes. to their customers. The company of approximately 3,100 people operates ten manufacturing sites, two design centers and a rapid prototyping center in the United States, Canada, Mexico and China. Its OEM customers are in the aerospace and defense, medical and technology industries. Additional information about Creation can be found on its website at www.creationtech.com.