Lantronix Inc

NASDAQ:LTRX   3:59:41 PM EDT
5.09
+0.13 (+2.62%)
Other Pre-Announcement

Lantronix Announces Definitive Agreement To Acquire Electronics And Software Reportable Business Segment From Communications Systems Inc.

Published: 04/29/2021 10:16 GMT
Lantronix Inc (LTRX) - Lantronix Announces Definitive Agreement to Acquire Electronics and Software Reportable Business Segment From Communications Systems Inc.lantronix Inc - Lantronix Will Pay Csi a Base Price of $25.0 Million Following Closing, Plus an Earn Out of Up to $7.0 Million.
Lantronix Inc - Co Expects Day-one Accretion to Earnings From Deal, With Significant Contribution to Earnings in First Full Year.
Lantronix Inc - Lantronix Sees Significant Operating and Product Development Synergies in Combined Company.