ESL MERGER OF TELEPANEL, ERS IS PUT ON THE SHELF

WILTON, Conn. -- The supermarket industry's two strongest electronic shelf-label vendors, Electronic Retailing Systems here and Telepanel Systems, Markham, Ontario, shocked the industry once again when they announced March 17 that their planned merger would not take place.The merger, originally announced in October 1997, was planned as a "pooling of interests" of the two companies, an accounting treatment

WILTON, Conn. -- The supermarket industry's two strongest electronic shelf-label vendors, Electronic Retailing Systems here and Telepanel Systems, Markham, Ontario, shocked the industry once again when they announced March 17 that their planned merger would not take place.

The merger, originally announced in October 1997, was planned as a "pooling of interests" of the two companies, an accounting treatment that eliminates many of the tax liabilities associated with a traditional merge

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