Wireless Telecom Group Shareholders Approve Acquisition By Maury Microwave
Portfolio Pulse from Happy Mohamed
Wireless Telecom Group, Inc. (WTT) shareholders have approved the acquisition by Maury Microwave Inc. The merger is expected to close on August 4, 2023, with Maury acquiring all outstanding shares of WTT for $2.13 per share. Following the merger, WTT's shares will no longer be listed on any public exchange.
August 04, 2023 | 12:27 pm
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Wireless Telecom Group (WTT) is to be acquired by Maury Microwave. Post-merger, WTT's shares will be delisted from public exchanges.
The acquisition of WTT by Maury Microwave and subsequent delisting of WTT's shares from public exchanges will likely lead to a decrease in the short-term trading volume and liquidity of WTT's shares. This could potentially impact the stock's price negatively in the short term.
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