VOXX International Corporation Announces Definitive Agreement With TE Connectivity To Sell Its Hirschmann Car Communication Antenna And Tuner Business
VOXX International Corporation - Class A (VOXX)
Last voxx international corporation - class a earnings: 7/10 04:05 pm
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US:NASDAQ Investor Relations:
investors.voxxintl.com/investor-relations
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Source: PR Newswire
HAUPPAUGE, N.Y., June 26, 2017 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and supplier of automotive, consumer electronics and accessories, and premium audio products worldwide, today announced that it has entered into a definitive agreement to sell Hirschmann Car Communication GmbH and its worldwide subsidiaries ("Hirschmann") to a subsidiary of TE Connectivity Ltd. (NYSE: TEL). Under the terms of the Stock Purchase Agreement, TE Connectivity ("TE") will acquire Hirschmann for an enterprise value of 148.5 million Euro. Based on the Euro to US dollar conversion (1 Euro = $1.12), this equates to approximately $166.0 million. The final purchase price is subject to further net cash and working capital adjustments. VOXX International (Germany) GmbH is the selling entity in this transaction. VOXX International Corporation will continue to operate in the Automotive industry and will retain its ongoing OEM business that is not part of this transact
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VOXX
Sec Filings
- 4/16/24 - Form 4
- 3/7/24 - Form 8-K
- 2/13/24 - Form SC
- VOXX's page on the SEC website