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SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant / /
Filed by a party other than the Registrant / /
Check the appropriate box:
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14a-6(e)(2))
/ / Definitive Proxy Statement
/X/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Section 240.14a-11(c) or Section
240.14a-12
PACIFIC SCIENTIFIC COMPANY
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(Name of Registrant as Specified In Its Charter)
KOLLMORGEN CORPORATION
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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and 0-11
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Contacts: Roy Winnick or Mark Semer
Kekst and Company
212-521-4842 or 4802
KOLLMORGEN CORPORATION ISSUES STATEMENT
WALTHAM, Mass., December 22, 1997 -- Kollmorgen Corporation (NYSE:KOL), of
Waltham, Mass., said today that it is disappointed that the Board of
Directors of Pacific Scientific Company (NYSE:PSX) had recommended that
Pacific Scientific's shareholders not support Kollmorgen's $20.50 per share
offer to acquire Pacific Scientific without first engaging in discussions
with Kollmorgen management to learn more about Kollmorgen's proposal.
Kollmorgen firmly believes that a business combination between Kollmorgen and
Pacific Scientific will bring significant benefit to the shareholders of both
companies and continues to seek a friendly negotiated transaction.
In this regard, Kollmorgen noted that the Pacific Scientific Board indicated
that it has authorized management and its financial advisors to explore
alternatives to maximize shareholder value, including a possible sale of the
company. While Kollmorgen is encouraged by that statement, Kollmorgen is
continuing to solicit consents to call a special shareholder meeting of
Pacific Scientific in order to ensure that Pacific Scientific's shareholders
will be able to realize the benefits of the proposed transaction in a timely
manner. Accordingly, Kollmorgen continues to strongly encourage Pacific
Scientific shareholders to execute and return the white form of consent
previously distributed to Pacific Scientific shareholders as soon as possible.
Kollmorgen's primary business is in the area of high-performance electronic
motion control. Growth in this business area is fueled by the need for
higher productivity in every industrial, commercial, aerospace, and consumer
market segment. Additional information can be found on the World Wide Web at
http://kollmorgen.com.
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