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| Monday, June 26, 2006 |
Somera Communications accepts bid from Telmar
Mon Jun 26, 2006
NEW YORK, June 26 - Somera Communications Inc. on Monday said it had agreed to be acquired by Telmar Network Technology for $4.60 per share in cash.
The purchase price is more than double Somera's closing Nasdaq price on Friday.
The transaction, which is expected to close this year, will create a company focused on providing products and services for network maintenance, expansion and asset management.
SMRA shares are up $2.25 (109.33%) to $4.31 in early trading on Nasdaq |
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