Creation Technologies Inc. and IEC Electronics Corp. Announce Completion of Tender Offer

NEWARK, N.Y. and BOSTON, Oct. 05, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced the successful completion of the tender offer (the “Offer”) by CTI Acquisition Corp. for all of the issued and outstanding shares of common stock of IEC for a price of $15.35 per share in cash, without interest and less any applicable withholding taxes. The Offer expired at 5:00 p.m., New York city time, on October 4, 2021. Creation expects to complete the acquisition of IEC today through a merger without a vote of IEC stockholders pursuant to Section 251(h) of the General Corporation Law of the State of Delaware.

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