Animation and graphics company Chryon Corp. (may acquire Pesal Micro Communications and Pesa Switching Systems) (Brief Article) (Brief Article)

Broadcasting & Cable, November, 1993 by Scully, Sean

Animation and graphics company Chyron Corp. is considering acquiring its cousins, Pesa Micro Communications and Pesa Switching Systems. Chyron is 80% owned by international manufacturer Pesa; the other two companies are wholly owned by Pesa. The companies already exhibit together at trade shows and market themselves together loosely under one umbrella, so there would be little outward change if Chyron undertakes the move, says Chyron Executive Vice President Isaac Hersly.

By buying the companies, though, Chyron could expand its product line and the two formerly private companies would become public. Twenty percent of Chyron stock is publicly held. Chyron is studying the acquisition and does not yet have an estimate of the size of the deal. If it happens,...

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