Towertalk
[Top] [All Lists]

[Amps] Interesting Merger in the Works?

To: towertalk@contesting.com,"amps@contesting.com" <amps@contesting.com>,FTdx-9000@yahoogroups.com
Subject: [Amps] Interesting Merger in the Works?
From: Joe Giacobello <k2xx@swva.net>
Reply-to: k2xx@swva.net
Date: Mon, 05 Nov 2007 16:53:30 -0500
List-post: <mailto:amps@contesting.com>
TEL AVIV (MarketWatch) -- Motorola Inc., (MOT 
<http://www.marketwatch.com/quotes/mot>:
Motorola, Inc. the Schaumburg, Ill., communications-equipment giant, 
said on Monday that it bid $108 million for 80% of Japan's Vertex 
Standard Co., a provider of two-way-radio-communications solutions. 
Motorola also said it would form a goint venture with Tokogiken, a 
company controlled by Vertex President and Chief Executive Jun Hasegawa, 
which will hold the other 20% oof Vertex. The deal price is 2,214 yen 
($19.38) a share, reflecting a premium of 38% over Vertex Standard's 
closing price on Friday and 41% over the three-month average closing 
price. Vertex Standard's board has approved the terms, Motorola said.

_______________________________________________
Amps mailing list
Amps@contesting.com
http://lists.contesting.com/mailman/listinfo/amps

<Prev in Thread] Current Thread [Next in Thread>