Numerex Corp. Announces Shareholder Approval of Merger Agreement
NUMEREX (NMRX)
Last numerex earnings: 11/7 04:36 pm
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US:NASDAQ Investor Relations:
sierrawireless.com/company/investor-information
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Source: GlobeNewswire
ATLANTA, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Numerex Corp. (“Numerex” or the “Company”) (NASDAQ:NMRX) announced today that, at its special meeting of shareholders (the “Special Meeting”) held today, a majority of the votes cast, which also represented a majority of the outstanding shares of the Company’s common stock, voted to approve the adoption of the previously announced Agreement and Plan of Merger (as amended from time to time, the “Merger Agreement”), dated as of August 2, 2017, by and among the Company, Sierra Wireless, Inc. (“Sierra Wireless”) and Wireless Acquisition Sub, Inc. (the “Merger Sub”). Upon completion of the merger, Numerex shareholders will receive a fixed exchange ratio of 0.1800 common shares of Sierra Wireless for each share of Numerex common stock. Subject to the satisfaction of the remaining closing conditions, the Company, Sierra Wireless and Merger Sub currently anticipate to close the merger on December 7, 2017. About Numerex Corp. Numerex Corp. is a l
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