Brief: Lantronix Announces Definitive Agreement To Acquire Electronics And Software Reportable Business Segment From Communications Systems Inc.

Sunation Energy

29/04/2021 11:07

April 29 (Reuters) - Communications Systems Inc  JCS.O :
    * LANTRONIX ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE
ELECTRONICS
AND SOFTWARE REPORTABLE BUSINESS SEGMENT FROM COMMUNICATIONS
SYSTEMS INC.
    * LANTRONIX INC - LANTRONIX WILL PAY CSI A BASE PRICE OF
$25.0
MILLION FOLLOWING CLOSING, PLUS AN EARN OUT OF UP TO $7.0
MILLION
    * LANTRONIX INC - CO EXPECTS DAY-ONE ACCRETION TO EARNINGS
FROM
DEAL, WITH SIGNIFICANT CONTRIBUTION TO EARNINGS IN FIRST FULL
YEAR
    * LANTRONIX INC - LANTRONIX SEES SIGNIFICANT OPERATING AND
PRODUCT
DEVELOPMENT SYNERGIES IN COMBINED COMPANY

Source text for Eikon:  ID:nGNX8YPBMz 
Further company coverage:  JCS.O 

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