5/23/2002 - Symmetricom, Inc. (Nasdaq: SYMM), a leading provider of advanced network synchronization, timing and broadband access solutions, and Datum (Nasdaq: DATM), a leading supplier of high performance time and frequency products used to synchronize the flow of information in telecommunications networks, today announced the signing of a definitive merger agreement. Under terms of the proposed transaction, Symmetricom will issue or reserve approximately 18.4 million shares of common stock in exchange for all of Datum's 6.9 million common and common shares equivalents. Each share of Datum common stock outstanding would be exchanged for 2.7609 shares of Symmetricom common stock (subject to possible adjustment in association with transaction costs). Upon closing, Datum would become a wholly owned subsidiary of Symmetricom.
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