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Exhibit 99.5
DYNATECH CORPORATION
4,983,048 COMMON SHARES
INITIALLY OFFERED PURSUANT TO RIGHTS
DISTRIBUTED TO STOCKHOLDERS OF
DYNATECH CORPORATION
Dear Stockholders:
This letter is being distributed to all holders of record of the common
stock (the "Common Stock") of Dynatech Corporation ("Dynatech") as of the close
of business on April 20, 2000 (the "Record Date") in connection with a
distribution of rights (the "Rights") to acquire additional shares of Common
Stock, at a subscription price of $4.00 per share as described in the
Prospectus dated June 1, 2000.
Each record holder of shares of the Common Stock is entitled to receive
0.389 Rights for each share of Common Stock held of record as of the close of
business on the Record Date, and to purchase one share of Common Stock for each
whole Right received. No fractional Rights have been granted; if a fractional
Right would have been calculated for a record holder of our Common Stock as a
result of the ratio described above, the number of Rights granted to such
holder has been rounded down to the nearest whole Right.
The following documents are enclosed:
1. A Prospectus for this offering;
2. A Subscription Warrant evidencing your Rights;
3. Instructions regarding the use of your Dynatech Corporation
Subscription Warrant (including guidelines for certification of your
Taxpayer Identification Number on Substitute Form W-9);
4. A Notice of Guaranteed Delivery for Subscription Warrants issued by
Dynatech Corporation; and
5. A return envelope addressed to Equiserve Trust Company, N.A., the
Subscription Agent for this offering.
Your prompt action is requested. Your Rights will expire at 5:00 P.M., New
York City time, on June 19, 2000, unless the subscription period for this
offering is extended by Dynatech (the "Expiration Date").
To exercise your Rights, a properly completed and executed Subscription
Warrant (or Notice of Guaranteed Delivery) and payment in full for all of the
Rights exercised must be delivered to Equiserve Trust Company, N.A. as
indicated in the Prospectus prior to 5:00 P.M., New York City time, on the
Expiration Date.
Additional copies of the enclosed materials may be obtained from Mackenzie
Partners, Inc., the Information Agent for this offering, at 156 Fifth Avenue,
New York, NY 10010. You may call Mackenzie Partners, Inc. toll free at 1 (800)
322-2885.
Very truly yours,
Dynatech Corporation
