FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “ IEC Electronics Corp. and Creation Technologies Inc. Announce Merger Agreement”
IEC Electronics Corp. (NASDAQ: IEC) surged 46% in premarket trading after the company announced its merger with Creation Technologies Inc.
Under the terms of the agreement, Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, representing an aggregate enterprise value of $242.3 million including debt, and upon completion of the transaction, IEC will become a privately-held company.
IEC Electronics is a provider of electronic manufacturing services (“EMS”) to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, and aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of complex full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with a broad array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking.
For more information, please visit: IEC Electronics Corp.
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