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Bel Fuse Sends Letter to Board of Directors of Power-One Questions Advisability of Agreement with Silver Lake and Urges Board to Consider Strategic Alternatives FOR RELEASE: IMMEDIATELY April 29, 2009 JERSEY "The Silver Lake transaction illustrates Power-One's insistence on sticking with what we believe has proven and continues to be a losing strategy: the incurrence of expensive debt and the refusal by the Company to divest of one or more of its business units in order to reduce debt. Moreover, the Silver Lake transaction will result in substantial dilution to the Company and will, in our view, adversely impact the Company's stock price, to the detriment of all of its stockholders," said Daniel Bernstein, Bel's CEO and President. About Bel Bel (www.belfuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission and consumer electronics. Products include magnetics (discrete components, power transformers and MagJack®s), modules (DC-DC converters, integrated analog front end modules and custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (passive jacks, plugs and cable assemblies). Bel operates facilities around the world. * * * * * #4653 Bel Fuse Inc. 206 Van Vorst Street Jersey City, NJ 07302 tel 201.432.0463 fax 201.432.9542 Investor Contact: Neil Berkman Associates (310) 277-5162 Company Contact: Daniel Bernstein President | ||
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