I.D. Systems Receives Stockholder Approval for Acquisition of Pointer Telocation
ID SYSTEMS (IDSY)
Last id systems earnings: 8/1 04:00 pm
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US:NASDAQ Investor Relations:
ir.id-systems.com/investor-overview
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Source: GlobeNewswire
WOODCLIFF LAKE, N.J., Aug. 29, 2019 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology, has received stockholder approval on the proposals related to the company’s previously announced acquisition of Pointer Telocation Ltd. (NASDAQ: PNTR; TASE: PNTR). The transaction was initially announced on March 13, 2019, and I.D. Systems’ stockholders approved the transaction at a Special Meeting of Shareholders held today, August 29, 2019. Early today, Pointer Telocation Ltd. shareholders also approved the acquisition in their Extraordinary General Meeting of Shareholders. “Today marks a great leap forward in our pursuit of creating a powerful, global IoT telematics software and solutions company,” said Chris Wolfe, CEO of I.D. Systems. “We believe this acquisition significantly enhances our ability to drive stockholder value through cashflow generation, sustainable profitability and growth due to enhanced scale, breadth of pro
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