Sierra Wireless to Acquire Wavecom

Sierra Wireless and Wavecom announced today that Wavecom would be purchased by Sierra in a friendly deal. The combination of the two firms will create a global leader in wireless data says the companies. Sierra will be making an all cash offer of EUR8.50 per ordinary share of Wavecom.

The founders of Wavecom who collectively own 21% of the firm will all put up outstanding shares for the offer. The purchase offer is a 21% premium over what the stock was trading for on October 6, 2008. Sierra Wireless expects the purchase to close in Q1 2009.

"Sierra Wireless and Wavecom are a natural match. The two companies share similar histories and a common culture of innovation and technology leadership in wireless data. Joining with Sierra Wireless is a unique opportunity for Wavecom, its customers and employees. Together, the companies are well positioned to provide the most competitive solutions in the market and to become a global leader in wireless data," said Ronald Black, CEO, Wavecom.

Via Sierra Wireless

What Others Say about This

Work of legendary Blackburn Egyptologist celebrated

THE work of a legendary archaeologist is being celebrated in an Egyptian exhibition in Blackburn and Burnley this year. John Garstang pioneered modern techniques of photographing grave goods at the turn of the 20th Century. Born in Strawberry Bank, Black ...
Full article at: The Blackburn Citizen  More like this  22 minutes ago

Women have power in organizing - Column by Ruth Farquhar

It will be four weeks or so until International Women's week and already Manitoulin is hopping. Kagawong will be hosting an event on March 10 and Little Current will be holding their annual day on Sunday March 11. And I have heard a rumor that Wikwemikon ...
Full article at: The Sudbury Star  More like this  1 hour ago

John Holbo: Republicans Going All-in Against Contraception Watch

Religious Freedom and Contraception: I’m amazed by the turns this issue has taken…. I took the legal issues to be relatively clear-cut. Obviously, for Scalia-endorsed reasons, you can’t just give everyone the private right to nullify any public law, piec ...
Full article at: Brad DeLong's Semi-Daily Journal  More like this  1 hour ago

Don't miss ...

• More Other Stuff Stories
• I4U News Homepage