[CQ-Contest] FW: [ft-2000] Japan's Vertex Standard agrees to Motorola bid

[Mike Fatchett W0MU]

-----Original Message-----
From: ft-2000 at yahoogroups.com [mailto:ft-2000 at yahoogroups.com] On Behalf Of
Daniel SANDU
Sent: Monday, November 05, 2007 12:41 PM
To: ft-2000 at yahoogroups.com
Subject: [ft-2000] Japan's Vertex Standard agrees to Motorola bid

Some news abt Yaesu...

FYI

TOKYO, Nov 5 (Reuters) - Vertex Standard Co Ltd (6821.Q: Quote, Profile,
Research), a Japanese maker of transceivers, said on Monday that it has
agreed to be bought by U.S. mobile firm Motorola Inc. (MOT.N: Quote,
Profile, Research) in a deal worth 7.7 billion yen ($67.4 million).
Motorola aims to buy up to 3,479,900 shares of Vertex Standard, or 51
percent of the company's outstanding shares, offering 2,214 yen apiece. That
is 35.5 percent above Monday's closing price.
A spokesman for Vertex said that Motorola will eventually aim to boost its
stake to 80 percent.
The bid will start Nov. 6 and end on Dec. 26. If the bid succeeds shares of
Vertex would be delisted from the Jasdaq Securities Exchange.
The spokesman said the deal will be beneficial as Vertex's sales channel in
Japan and its know-how of product development could be attractive to
Motorola, while Motorola's worldwide networks should help expand Vertex's
global reach.

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