Pulse, Valor Complete Merger

Pulse has completed its merger with Valor Electronics. Under the $34 million merger agreement, Valor and Pulse will combine their operations into a single company, called Pulse.

Valor develops magnetic-based components for signal processing and power-transfer functions in telecommunications equipment. Valor was the primary operating unit of GTI Corp. Under the pact, each common share of GTI stock will be converted into $3.10 in cash while each preferred share will be converted into $726.27 in cash.

Pulse, a wholly owned subsidiary of Technitrol, produces a line of passive components and modules for the power, telecommunications, and data communications industries. The company has facilities in the Far East, the US, and Europe.