RAE Systems to Be Acquired by Vector Capital for $1.75 per Share

RAE Systems Inc. RAE today announced that it has entered into a definitive merger agreement with affiliates of Vector Capital under which an affiliate of Vector will acquire the outstanding shares of RAE common stock for $1.75 per share in cash. A special committee of the RAE Systems Board of Directors, and the disinterested members of the board, have unanimously approved the Vector Agreement and recommend RAE Systems' stockholders approve the transaction.