Brief: Wireless Telecom Signs Agreement To Acquire Holzworth Instrumentation

Wireless Telecom

14/11/2019 11:21

Nov 14 (Reuters) - Wireless Telecom Group Inc  WTT.A :
    * WIRELESS TELECOM GROUP SIGNS AGREEMENT TO ACQUIRE
HOLZWORTH
INSTRUMENTATION, INC.
    * WIRELESS TELECOM GROUP INC - INITIAL PURCHASE PRICE FOR
HOLZWORTH IS COMPRISED OF $8.0 MILLION OF CASH PAYABLE AT
CLOSING
    * WIRELESS TELECOM GROUP INC -  DEAL ALSO CONSISTS OF $1.5
MILLION
IN DEFERRED CASH PAYMENTS
    * WIRELESS TELECOM GROUP INC - TRANSACTION CLOSING IS
CONDITIONED
UPON COMPANY OBTAINING PROCEEDS FROM A DEBT FINANCING
    * WIRELESS TELECOM GROUP INC - COMPANY IS ENGAGED IN A
PROCESS TO
OBTAIN SUCH FINANCING.

Source text for Eikon:  ID:nBw6LJjVJa 
Further company coverage:  WTT.A 

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