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[posting]25400472[/posting] Nov 15 (Reuters) - Photo and fingerprint identity equipment maker L-1 Identity Solutions Inc. (ID.N: Quote, Profile, Research) has agreed to acquire Canada-based ComnetiX Inc. (CXI.TO: Quote, Profile, Research) for about $12.5 million, the companies said on Wednesday. Under the agreement, L-1 will pay about 82 cents a share in cash for all the issued and outstanding shares of the biometric identification technology provider. L-1 expects ComnetiX to add $13 million in revenue next year and generate positive cash flow. ComnetiX, which provides secure identification and authentication technologies in North America, saw revenue of $9 million for the nine months ended May 31. Following the close of the transaction, ComnetiX shares will stop trading on the Toronto Stock Exchange and the company will operate as a wholly owned subsidiary of L-1. (Reporting by Anant Vijay Kala in Bangalore) |
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| aus der Diskussion: | L-1 IDENTITY SOLUTIONS INC. A0KFMH |
| Autor (Datum des Eintrages): | miristegal (16.11.06 00:44:34) |
| Beitrag: | 15 von 31 (ID:25437465) |
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