Key Developments: Westell Technologies Inc (WSTL.O)
2.03USD
17 May 2013
$-0.02 (-0.98%)
$2.05
$2.05
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$2.02
89,271
140,181
$2.41
$1.73
Latest Key Developments (Source: Significant Developments)
Westell Technologies Inc Announces Resignation Of CFO-Form 8-K
Westell Technologies Inc reported in its Form 8-K that on April 8, 2013, Mr. Brian S. Cooper gave notice of his decision to resign from his position as Senior Vice President, Chief Financial Officer (CFO), Treasurer and Secretary of the Company in order to pursue other interests. To ensure an orderly transition of his responsibilities, Mr. Cooper's resignation will be effective following the date on which the Company files its Annual Report on Form 10-K for the year-ended March 31, 2013, which is expected to occur on or about May 24, 2013. The Company's search for his successor is expected to be launched as soon as practicable Full Article
Westell Technologies Inc Completes Acquisition of Kentrox
Westell Technologies Inc announced the completion of acquisition of Kentrox. The acquisition agreement was announced on March 18, 2013. Terms of the transaction were not disclosed. Full Article
Westell Technologies Inc To Acquire Kentrox, Inc
Westell Technologies Inc announced that they have signed a definitive agreement for Westell to acquire Kentrox, Inc. The $30 million cash transaction is expected to close on April 1, 2013. Kentrox is an innovator in comprehensive monitoring, management and control of remote sites, such as cell sites and towers Full Article
Westell Technologies, Inc. Acquires ANTONE Wireless
Westell Technologies, Inc. announced that it has acquired the assets and business of ANTONE Wireless Corporation. ANTONE Wireless, based in Goleta, California, designs, manufactures and markets a line of high-performance Tower-Mounted Amplifiers, Multi-Carrier Power Amplifier Boosters, and cell-site antenna sharing products. Financial terms were not mentioned. Full Article
Westell Technologies, Inc. Closes Transaction To Sell Conference Plus Subsidiary To Arkadin
Westell Technologies, Inc. announced that as of December 31, 2011, it had closed the previously announced transaction to sell its subsidiary Conference Plus, Inc. to a subsidiary of Arkadin S.A.S. The transaction agreement was announced on December 21, 2011. Full Article
Westell Technologies, Inc. Announces Agreement To Sell Conference Plus Subsidiary To Arkadin
Westell Technologies, Inc. announced that it has entered into a definitive agreement to sell its subsidiary Conference Plus, Inc. to a subsidiary of Arkadin S.A.S. for approximately $41 million in cash, subject to certain adjustments. The transaction is subject to limited closing conditions and is expected to close December 31, 2011. Full Article
Westell Technologies, Inc. Announces Authorization Of New $20 Million Share Repurchase Program
Westell Technologies, Inc. announced that its Board of Directors has approved a new share repurchase program of up to an aggregate of $20 million of its Class A Common Stock. The newly authorized repurchase plan will continue until the date the maximum amount of dollars authorized has been expended or the date the program is modified or terminated by the board of directors. The plan calls for the repurchases to be made in the open market or through privately negotiated transactions. The timing and amount of any share repurchases will depend upon share price, corporate and regulatory requirements, economic and market conditions and other factors. Full Article
Westell Technologies, Inc.'s Subsidiary Announces Collaboration With GE Healthcare
Westell Technologies, Inc.'s subsidiary Conference Plus, Inc. announced collaboration with GE Healthcare to educate physicians on the benefits of Vscan, through a series of webcasts. ConferencePlus will be responsible for facilitation and management of these live events. Full Article
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