Edo sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., Nov. 2 - Edo Corp. will hold a special meeting of shareholders on Dec. 18 to vote on the company's merger with ITT Corp. and its subsidiary Donatello Acquisition Corp.

The record date for the meeting is Nov. 2.

Donatello will merge with and into Edo, with Edo continuing as a surviving corporation and a wholly owned subsidiary of ITT, according to a company news release.

It was previously reported that investors including S.A.C. Capital Advisors, LLC believe the $56-per-share consideration for Edo may be inadequate.

S.A.C. Capital, with a 6.1% stake in Edo, may discuss the transaction and other matters with Edo management, board members and fellow shareholders, according to a schedule 13D SEC filing.

New York-based Edo designs and manufactures products for aerospace, defense, intelligence and commercial markets.

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