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Exhibit 99.1
DYNATECH ANNOUNCES COMPLETION OF WWG AND TTC MERGER
BURLINGTON, MASS., May 23, 2000 - Dynatech Corporation (OTCBB: DYNA) today
announced the completion of its previously announced merger between its
subsidiary TTC and Wavetek Wandel Goltermann (WWG). The transaction, valued at
approximately $600 million, creates a new company with broader capabilities in
test and monitoring solutions for the worldwide communications industry.
The newly merged company, headquartered in Germantown, Maryland, will
adopt a new name and logo to be announced later this year. With 4,000 employees
and a presence in more than 80 countries, the new company will provide
communications test solutions worldwide for data, voice, wireless, optical,
cable, access and Internet protocol-based networks.
About Dynatech
Dynatech Corporation is a global communications equipment company
focused on network technology solutions. Headquartered in Burlington,
Massachusetts, Dynatech sells its products worldwide through subsidiaries
located throughout the Americas, Europe and Asia. For more information on
Dynatech, please visit www.dynatech.com.
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This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1993, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which reflect the
Company's current judgment on certain issues. Because such statements apply to
future events, they are subject to risks and uncertainties that could cause the
actual results to differ materially. Important factors which could cause actual
results to differ materially are described in the Company's reports on Form 10-K
and 10-Q on file with the Securities and Exchange Commission.
