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Wireless Telecom Group, Inc. (the "Company" or "WTT"), a leading test & measurement solutions provider, today announced that its shareholders voted to approve the previously announced merger agreement, pursuant to which, among other things, WTT will be acquired by Maury Microwave Inc. ("Maury"), a leading provider of state-of-the-art radio frequency measurement and interconnect solutions for wireless communication technologies.
The merger is expected to close on August 4, 2023, subject to customary closing conditions. Under the terms of the merger agreement, Maury will acquire all the outstanding shares of the Company for cash consideration of $2.13 per share, and WTT's shares will no longer be listed on any public exchange. Payment of the merger consideration will be made as promptly as practical following receipt of written confirmation of administrative approval by the State of New Jersey, which is expected in approximately seven business days.
WTT will file the final vote results for the special meeting, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission.
Posted In: WTT
