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September 3, 1997updated 03 Sep 2016 4:56pm

POWER SUPPLY FIRMS CPI AND ZYTEC PLAN $500M MERGER

By CBR Staff Writer

In a merger that essentially creates the leading supplier of power products for the computer and communications industries, Computer Products Inc and Zytec Corp have agreed to merge in a deal valued at more than $500 million. Under terms of the deal, each share of Zytec common stock will be exchanged for 1.33 shares of Computer Products. The combined revenue of the new company is expected to be approximately $530m. Boca Raton, Florida-based Computer Products said it expects to issue about 16.7 million common shares in the deal. Holders of Zytec, based in Eden Prairie, Minnesota, will represent about 40 percent of Computer Products’ ownership on a fully diluted basis. The deal is planned to close in the fourth quarter, when a one-time charge will be taken.

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