Technology Industry
Industry: Email Alert RSS FeedWireless Telecom Group Inc. (WTT).(INDUSTRY NEWS)(Brief Article)
Microwave Journal, December, 2004
Wireless Telecom Group Inc. (WTT) announced that it has entered into a definitive agreement to acquire all of the outstanding capital stock of privately held Willtek Communications GmbH from the venture capital arm of the international investment group Investcorp and Willtek's chief executive officer, Cyrille Damany, in exchange for $7 M in cash and 8,000,000 shares of WTT common stock (the "Purchase Price"), and the assumption of certain liabilities and obligations valued at $4.8 M.
As a result of the proposed acquisition, Willtek will become a whollyowned subsidiary of WTT.
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