The wireless leader Verizon Communications Inc. (NYSE:VZ) plans to acquire Hughes Telematics Inc. (HUTC) for $612 million in cash or $12 per share. The purchase price is at a massive premium to Hughes’ closing price of $4.35.
The proposed acquisition will expand Verizon’s presence in the automotive and fleet telematics as well as machine-to-machine (M2M) service applications. This strategic move would boost revenues of the company’s enterprise business, and will give it a competitive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here