Not all buy outs mean the company is in trouble, does it? I didn't think ATI was in trouble when AMD bought them.
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 “Success is not final, failure is not fatal: it is the courage to continue that counts.” --- Winston Churchill On Wed, Mar 31, 2010 at 12:01 PM, Gino Villarini <[email protected]> wrote: > Wow > > Was Aperto in financial trouble? > > This is like YDI buying Proxim > > Or Ubiquity buying Motorola > > Sent from my Motorola Startac... > > > On Mar 31, 2010, at 11:45 AM, "Drew Lentz" <[email protected]> wrote: > >> Didn't see this one coming but it looks like it could lead to some >> nice >> products for WISPs. >> >> http://bit.ly/bX4HTc >> >> Canadian Company Tranzeo Wireless to Acquire Aperto Networks >> Tranzeo strengthens its international market with complete broadband >> solution >> >> PITT MEADOWS, BRITISH COLUMBIA, Mar 31, 2010 (MARKETWIRE via COMTEX) >> -- >> BC-based Tranzeo Wireless Technologies Inc. (CA:TZT >> </investing/stock/TZT?countrycode=ca>  1.61, +0.04, +2.55%), a >> premier >> manufacturer of wireless broadband and WiMAX communication systems, >> announced today it has entered into a definitive merger agreement with >> Aperto Networks, Inc. ("Aperto") and key Aperto shareholders. Under >> the >> terms of the merger agreement, and upon the satisfaction of closing >> conditions, Aperto will be merged into a newly incorporated >> subsidiary of >> Tranzeo, with Aperto surviving and continuing to be operated as a >> wholly-owned subsidiary of Tranzeo. >> >> The merger will greatly increase Tranzeo's market share as it >> becomes a >> complete end-to-end broadband solutions provider featuring WiFi, >> WiMax and >> LTE products. Aperto's current backlog of all purchase orders is US >> $8.3 >> million. This will be added to Tranzeo's current backlog of US$32.7M. >> >> "Acquiring Aperto immediately transforms Tranzeo into a market leading >> complete solutions provider for major telecommunications operators >> while >> still supplying product to Tranzeo's existing wireless Internet >> service >> providers," said Jim Tocher, President and CEO of Tranzeo. "With an >> established world-wide customer base and a pipeline of new customers >> now in >> trials, the benefits of today's announcement will start to bear >> fruit within >> a year. The future for Tranzeo has never looked better." >> >> "The combining of Tranzeo and Aperto is a big win for wireless service >> providers," said Randall Meals, Chairman of Aperto's Board and >> Managing >> Director of Quicksilver Ventures. "We continue to be bullish on the >> broadband wireless market and now Tranzeo's position in the market." >> >> Existing Tranzeo and Aperto customers will greatly benefit from the >> combined >> technologies and complete solutions Tranzeo will now be able to >> provide. >> >> "Tranzeo's responsiveness, world-class manufacturing and additional >> product >> breadth combined with Aperto's proven worldwide sales, support team, >> and >> channels will significantly benefit our customers on a global >> basis,"said >> Bill Waters, Senior Vice President of Worldwide Sales and Support at >> Aperto >> Networks. "I am looking forward to serving our existing customers, >> expanding >> our market and providing new solutions to our channel partners." >> >> "This is very good news for TRG and the future of broadband services >> in >> Indonesia," said Gatot Tetuko, President of PT. Teknologi Riset Global >> (TRG), an affiliate company of leading telecommunication >> infrastructure >> provider the Indonesian Tower Group. "With our joint development >> agreement >> with Tranzeo, this will give us access to additional advanced wireless >> technologies which we will incorporate into our broadband solutions." >> >> Tranzeo expects to complete the acquisition of Aperto through >> issuances of >> common shares to the stockholders of Aperto. Upon satisfaction of the >> required closing conditions, Tranzeo will issue common shares to the >> stockholders of Aperto based on a US$5 million base consideration >> amount, as >> adjusted for liabilities and cash of Aperto at closing. Subject to the >> satisfaction of certain additional earn-out conditions, Tranzeo may >> issue >> additional common shares to the stockholders of Aperto based on >> revenues >> attributable to certain products of Aperto that are sold by Tranzeo >> during a >> one-year earn-out period following the date of closing of the >> merger. These >> earn-out shares would be issued within 120 days of the expiry of the >> earn-out period. All share issuances will be based on the volume >> weighted >> average trading price of Tranzeo's common shares for the five >> trading days >> prior to this announcement of the Merger Agreement. >> >> The merger is anticipated to be completed in mid-April 2010. >> Completion of >> the merger will be subject to customary closing conditions, >> including the >> approval of the proposed merger by the Toronto Stock Exchange and by >> the >> stockholders of Aperto. Tranzeo stockholder approval is not required. >> Tranzeo has agreed to appoint a representative of Aperto to its >> board of >> directors on closing. >> >> The common shares proposed to be issued have not been registered >> under the >> Securities Act of 1933, as amended, or any state securities laws, >> and may >> not be offered or sold in the United States without registration or an >> applicable exemption from applicable registration requirements in >> the US. >> This press release shall not constitute an offer to sell or the >> solicitation >> of an offer to buy nor shall there be any sale of the securities in >> any >> jurisdiction in which such offer, solicitation or sale would be >> unlawful. >> >> Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo >> Wireless >> Technologies Inc. >> >> >> >> >> --- >> --- >> --- >> --- >> -------------------------------------------------------------------- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> --- >> --- >> --- >> --- >> -------------------------------------------------------------------- >> >> WISPA Wireless List: [email protected] >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! 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