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NTC - NetComm Wireless News Story

A$1.1 0.0  0.0%

Last Trade - 21/06/19

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £99.6m
Position in Universe th / 1951

BUZZ-Australia's NetComm Wireless hits near 6-month high on Casa Systems offer

Fri 22nd February, 2019 12:25am
** NetComm Wireless Ltd  NTC.AX  surges as much as 49.3 pct
to A$1.06, highest since Aug 27, 2018
    ** Wireless technology developer says Casa Systems Inc
 CASA.O  will buy co in a deal worth about A$161 mln ($114.33
mln)  urn:newsml:reuters.com:*:nGNX9PVzBn
    ** NetComm shareholders will receive A$1.10 per ordinary
share, a 54 percent premium to last close; Co's directors
unanimously recommend the offer
    ** Co says its half-yearly rev from ordinary activities rose
6.5 percent, while net profit attributable dropped 39.7 percent
during the period  urn:newsml:reuters.com:*:nFWN20G16T
    ** Stock posts its biggest intraday pct fall since Oct 2012
    ** About 2 mln shares change hands, compared with the 30-day
average volume of 125,500
    ** Stock up 6.6 pct this year, as of last close
    
    ($1 = 1.4083 Australian dollars)

 ((mensholong.lepcha.thomsonreuters.com@reuters.net;))
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