SCM Microsystems (Nasdaq:SCMM Prime Standard, SMY) Aquisition of Bluehill ID; Approved by the SEC
Windsor, Alberta 11/13/2009 07:00 PM GMT (TransWorldNews)
SCM Microsystems, Inc. (Nasdaq:SCMM Prime Standard, SMY), a premier provider of solutions for secure access, secure identity and secure exchange, recently announced its Registration Statement on Form S-4, relating to the previously announced proposed aquisition of Bluehill ID, by SCM MicroSystems was stated to be effective by the United States Securities and Exchange Commission.
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SCM Microsystems also announced that a special meeting of its stockholders has been scheduled for Friday, December 18, 2009 at 1:00 p.m. Pacific time, to consider a proposal to approve the offer by SCM Microsystems to the Bluehill ID shareholders to acquire all of the Bluehill ID shares in exchange for shares of SCM common stock, and specifically the issuance of shares of SCM common stock to Bluehill ID shareholders who accept the offer. The board of directors of SCM Microsystems has set the close of business on November 9, 2009 as the record date for determining stockholders who will be entitled to receive notice of, and vote at, the special meeting. SCM Microsystems expects to begin mailing the proxy statement and prospectus for the special meeting on or about November 18, 2009 to its eligible stockholders. SCM Microsystems (NASDAQ:SCMM; Prime Standard: SMY) is a global leader in security and identity solutions for secure access, secure identity and secure exchange. Together with its Hirsch Electronics subsidiary, SCM provides complete, integrated solutions that secure digital assets, electronic transactions and facilities. The company offers the world's broadest range of contact, contactless and mobile smart card reader technology; physical and logical access control systems; digital identity transaction platforms; biometrics; and digital video. SCM's solutions enable a wide variety of applications including enterprise security, identity management, contactless payment, e-health and electronic government services.
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