I.D. Systems To Buy Pointer Telocation For $140 Mln In Cash And Stock [Reuters]
ID SYSTEMS (IDSY)
Last id systems earnings: 8/1 04:00 pm
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ir.id-systems.com/investor-overview
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Source: Reuters
ID Systems Inc (IDSY.OQ) Key Developments | Reuters.com March 13 (Reuters) - ID Systems Inc ::I.D. SYSTEMS TO ACQUIRE POINTER TELOCATION, A LEADING TELEMATICS AND MOBILE IOT SOLUTIONS COMPANY, FOR $140 MILLION IN CASH AND STOCK.ID SYSTEMS INC - PROPOSED DEAL FOR A CASH AND STOCK TRANSACTION VALUED AT APPROXIMATELY $140 MILLION..ID SYSTEMS INC - I.D. SYSTEMS CEO, CHRIS WOLFE, AND CFO, NED MAVROMMATIS, TO LEAD COMBINED COMPANY.ID SYSTEMS INC - TOTAL CONSIDERATION OF $140 MILLION COMPRISED OF ABOUT $72 MILLION IN CASH AND ABOUT 11 MILLION SHARES OF POWERFLEET, INC.ID SYSTEMS INC - POINTER CEO, DAVID MAHLAB, TO SERVE AS CEO INTERNATIONAL FOR COMBINED CO.ID SYSTEMS - POINTER CEO TO SERVE AS AS A MEMBER OF POWERFLEET BOARD OF DIRECTORS, POINTER CFO, YANIV DORANI TO SERVE AS DEPUTY TO CEO INTERNATIONAL.ID SYSTEMS INC - COMBINED COMPANY IS EXPECTED TO BE DUAL LISTED ON NASDAQ AND TEL AVIV STOCK EXCHANGES UNDER REBRANDED POWERFLEET NAME.ID SYSTEMS INC - SECURED A COMMITMENT FROM BANK HAPOALIM
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