PEORIA, Ill.-Rohn Industries Inc., which makes tubular towers and equipment enclosures,
announced it is merging with Pirod Holdings Inc., a specialized telecommunications equipment
manufacturer.
Under terms of the agreement, Pirod will be merged into Rohn. Up to 52.5 percent of the outstanding
Rohn shares will be converted at $3.78 per share in cash. The outstanding Pirod shares will be converted into a total of
approximately 7.9 million Rohn shares, said Rohn.
The transaction will be financed by Rohn and will consist of
approximately $166.5 million of new senior indebtedness.
