ARC Wireless Solutions to acquire Quadrant Metals Technologies - MarketLine Financial Deals

ARC Wireless Solutions to acquire Quadrant Metals Technologies

ARC Wireless Solutions to acquire Quadrant Metals Technologies - MarketLine Financial Deals
ARC Wireless Solutions to acquire Quadrant Metals Technologies
Published Apr 12, 2012
2 pages — Published Apr 12, 2012
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Brief Excerpt:

...ARC Wireless Solutions, Inc. (ARC) has signed a definitive agreement to acquire Quadrant Metals Technologies, LLC (QMT). Both the companies are based in the US. As part of the consideration, ARC will issue 7,857,898 shares at a price of $4 per share, a 36% premium to ARC s closing share price as of April 12, 2012. The transaction is valued at approximately $31.43 million. ARC is a provider of wireless network component and wireless network solutions. QMT is a holding company that owns a majority interest in manufacturing businesses FloMet, LLC, Tekna Seal, LLC, General Flange & Forge, LLC and Tubefit, LLC. FloMet is a manufacturer of precision, miniature components. Tekna Seal is a custom manufacturer of hermetic seals, specializing in glass-to-metal hermetic seals, while General Flange & Forge is a manufacturer of pipe flanges in carbon steel, low-alloy steels, and stainless steel. Tubefit is a distributor of carbon steel flanges and fittings. Concurrently, ARC has also signed an agreement...

  
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Document ID
MA106816_120423
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Ticker
ARCW=US
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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MLA:
MarketLine Financial Deals. "ARC Wireless Solutions to acquire Quadrant Metals Technologies" Apr 12, 2012. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/ARC-Wireless-Solutions-to-acquire-Quadrant-Metals-Technologies-2052-80517>
  
APA:
MarketLine Financial Deals. (2012). ARC Wireless Solutions to acquire Quadrant Metals Technologies Apr 12, 2012. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/ARC-Wireless-Solutions-to-acquire-Quadrant-Metals-Technologies-2052-80517>
  
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