ASSA ABLOY: Tender offer for LaserCard completed
Owners representing 61 percent of the outstanding shares has accepted ASSA ABLOY's offer. ASSA ABLOY also announced that is has extended the offer period to acquire all of the remaining shares. This subsequent offering period will expire at the end of January 27, 2011, unless extended. After the subsequent offering period, ASSA ABLOY intends to complete its acquisition of LaserCard by means of a merger. As a result of its purchase of shares in the tender offer, ASSA ABLOY has sufficient voting power to approve the merger without the affirmative vote of any other LaserCard stockholder.