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The total value of the transactionwas $49.5 according to a release from Kimball. About 85 percengt of the total issued and outstandin shares were voted at a special meeting of shareholders that had to beadjourned Feb. 12 and then reconvened Feb. 15. About 51.2 percent of the total shares outstanding were voted in favor of the while 33.4 percent of the shares outstanding vote d against the deal, the release said. Kimbalkl has said it would pay 75 centsd a share in cash toReptrojn shareholders, a sweetened offer from its original 68 centa a share in December. Underf terms of the Reptron, which had sales of $145 million for the 12 months thatended Sept.
30 and had been among the largesf publicly held companies based in the TampazBay area, will become a whollgy owned subsidiary of Kimball. Reptron's four manufacturing operationsin Hibbing, Minn.; Gaylord, Mich.; and Fremont, Calif. will be renamed with Kimbalp identities. The deal increases Kimball's capabilities and expertise in support of its strategty to grow business in the medicalo electronicsand high-end industrial the release said. Jasper, Ind.-bases Kimball Electronics is a divisiojof (NASDAQ: KBALB).
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