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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-Casa Systems: Drops after deal to buy Australia's Netcomm

Fri 22nd February, 2019 11:49am
** Shares of cloud-based software provider  CASA.O  down
14.8 pct at $10.19 in premarket on deal to buy Australia's
Netcomm Wireless  NTC.AX  for $1.10/shr
    ** Buyout offer price represents a premium of 54 pct to
NTC's last closing price; deal worth ~A$161 mln ($114.5
mln) urn:newsml:reuters.com:*:nL3N20G7KY
    ** Netcomm's Australian shares had surged 50 pct on the news
    ** Separately, CASA's Q4 results beat estimates; however,
2019 rev, adj profit forecast are below estimates
    ** CASA has fallen ~9 pct this year

($1 = 1.4063 Australian dollars)

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))
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