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Sierra Wireless Inc signs agreement to acquire In Motion Technology


Monday, 27 Jan 2014 07:00am EST 

Sierra Wireless Inc and In Motion Technology Inc:Says that Sierra Wireless has entered into a definitive agreement to acquire Vancouver-based In Motion for $21 million US dollars in cash consideration, subject to certain customary post-closing adjustments.Says the transaction is expected to close in early Mar.Says CIBC World Markets Inc. is acting as financial advisor and Blake Cassels & Graydon LLP is acting as legal counsel to Sierra Wireless. Garibaldi Capital Advisors is acting as financial advisor and Farris, Vaughan, Wills & Murphy LLP is acting as legal counsel to In Motion. 

Company Quote

19.48
-0.18 -0.92%
23 Jul 2014