May 26 (Reuters) - Smart Technologies Inc SMA.TO :
* Smart enters into arrangement agreement with Foxconn
Technology Group
* Arrangement agreement provides that a termination fee of
us$8.9 million will be payable by smart in certain circumstances
* Foxconn has agreed to acquire all of outstanding common
shares of smart for a cash payment of us$4.50 per common share
* Board of directors of smart unanimously approved
arrangement
* All of directors, certain of officers of smart and certain
of its shareholders, have entered into lockup agreements
* Arrangement agreement provides that any subsidiary of Hon
Hai Precision Industry Co Ltd may participate in investment in
smart
* Agreement provides strategic partners designated by Hon
Hai Precision Industry may participate in up to 33 1/3% of
investment
* Pursuant to lockup agreements, directors agreed to support
arrangement and vote their common shares in favour of
arrangement
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