FILED BY GENERAL ELECTRIC COMPANY
PURSUANT TO RULE 425 UNDER THE
SECURITIES ACT OF 1933
SUBJECT COMPANY: INTERLOGIX, INC.
COMMISSION FILE NO. 333-76066
CONTACTS:
GE INDUSTRIAL SYSTEMS
Anne Witkavitch
Manager - Communications & Public Affairs
Tel: 860-747-7461
Fax: 860-747-7393
Email: anne.witkavitch@indsys.ge.com
INFORMATION AGENT
Morrow & Co., Inc.
Stockholders call: 800-607-0088
Banks and Brokerage Firms call: 800-654-2468
Email: ILXI.INFO@morrowco.com
FOR IMMEDIATE RELEASE
GE INDUSTRIAL SYSTEMS ANNOUNCES ANTICIPATED EXCHANGE RATIO
FOR SHARES OF INTERLOGIX, INC.
FEBRUARY 15, 2002--PLAINVILLE, CT--General Electric Company (NYSE: GE) announced
today the exchange ratio to be used in connection with its pending offer to
acquire all of the outstanding shares of common stock of Interlogix, Inc
(NASDAQ: ILXI). Assuming the offer expires as currently scheduled at 6:00 p.m.,
New York City time, on February 19, 2002, Interlogix stockholders will receive
$19.43 in cash and 0.5174 of a share of GE common stock for each share of common
stock of Interlogix tendered pursuant to the offer, plus cash in lieu of any
fractional shares of GE common stock that may be issuable in the exchange. The
exchange ratio for shares of GE common stock was calculated by dividing $19.43
by $37.5553, the average of the daily volume weighted sales prices per share of
GE common stock on the NYSE for each of the 5 consecutive trading days ending
with February 14, 2002.
If the offer is extended beyond Tuesday, February 19, 2002, the exchange ratio
will be reset. GE will announce any new exchange ratio by press release on the
morning of the second day prior to the then scheduled expiration date of the
offer and will file that press release pursuant to Rule 425 with the Securities
and Exchange Commission.
Following completion of the transaction, it is expected that Interlogix will
become part of GE Industrial Systems.
ABOUT GE INDUSTRIAL SYSTEMS
GE Industrial Systems is a global leader in manufacturing products used to
distribute, protect and control electrical power and equipment and in supplying
product and service solutions for commercial, industrial, residential and
utility applications. GE Industrial Systems is one of GE's major businesses. GE
is the world's largest diversified technology, manufacturing and services
company with a commitment to achieving worldwide leadership. For more
information visit the website at www.GEIndustrial.com.
WE URGE YOU TO READ THE PROSPECTUS, WHICH GE FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION AS PART OF A REGISTRATION STATEMENT ON FORM S-4 ON DECEMBER
28, 2001, BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE OFFER. THE
PROSPECTUS WAS SENT TO STOCKHOLDERS OF INTERLOGIX ON OR AFTER DECEMBER 28, 2001
TOGETHER WITH A SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 PREPARED
AND FILED BY INTERLOGIX. YOU MAY OBTAIN A FREE COPY OF THE PROSPECTUS,
INTERLOGIX'S SOLICITATION/RECOMMENDATION STATEMENT AND OTHER DOCUMENTS FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION BY GE OR INTERLOGIX, INCLUDING
DOCUMENTS INCORPORATED BY REFERENCE INTO SUCH DOCUMENTS, FROM THE COMMISSION'S
WEB SITE AT WWW.SEC.GOV. YOU MAY ALSO OBTAIN THIS INFORMATION FROM GE OR THE
INFORMATION AGENT AT THE CONTACTS LISTED ABOVE.
THIS RELEASE INCLUDES CERTAIN FORWARD-LOOKING STATEMENTS. THESE STATEMENTS ARE
BASED ON MANAGEMENT'S CURRENT EXPECTATIONS AND ARE SUBJECT TO UNCERTAINTY AND
CHANGES IN CIRCUMSTANCES. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THESE
EXPECTATIONS DUE TO CHANGES IN GLOBAL POLITICAL, ECONOMIC, BUSINESS,
COMPETITIVE, MARKET AND REGULATORY FACTORS. MORE DETAILED INFORMATION ABOUT
THOSE FACTORS IS CONTAINED IN GE'S FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION. GE DOES NOT ASSUME ANY DUTY TO UPDATE FORWARD-LOOKING STATEMENTS.
SUCH STATEMENTS ARE BASED ON INFORMATION AVAILABLE AS OF THE DATE HEREOF, AND
ARE MADE ONLY AS OF THE DATE HEREOF.