Motorola buys Yaesu
For those of you who have not yet seen the ARRL bulletin: Motorola USA has announced its intention to launch a tender offer to acquire a controlling interest in Vertex Standard Co, Ltd. Vertex Standard is the parent company of Yaesu. Motorola will own 80 percent of Vertex Standard; Tokogiken, a privately held Japanese company, controlled by current president and CEO of Vertex Standard Jun Hasegawa, will retain 20 percent, forming a joint venture. The total purchase price for 80 percent of the outstanding shares on a fully diluted basis will be approximately US $108 million. Ed K7AAT |
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