07.20.18
Zebra Technologies is commencing, through its wholly owned subsidiary, Wolfdancer Acquisition Corp., a cash tender offer to purchase all of the outstanding shares of common stock of Xplore Technologies. Zebra announced on Thursday, July 5 that it had entered into a merger agreement with Xplore.
Upon successful completion of the tender offer, shareholders of Xplore will receive $6.00 in cash for each share of Xplore common stock validly tendered and not properly withdrawn, without interest and less any required withholding taxes.
The board of directors of Xplore has unanimously approved and declared advisable the offer and the other transactions contemplated by the merger agreement and has recommended that Xplore’s stockholders accept the offer and tender their shares in the offer.
The tender offer is scheduled to expire at 12:00 midnight, Eastern time, at the end of the day on Monday, Aug. 13, 2018, unless the tender offer is extended.
Following the merger, Xplore will become a wholly owned subsidiary of Zebra.
Upon successful completion of the tender offer, shareholders of Xplore will receive $6.00 in cash for each share of Xplore common stock validly tendered and not properly withdrawn, without interest and less any required withholding taxes.
The board of directors of Xplore has unanimously approved and declared advisable the offer and the other transactions contemplated by the merger agreement and has recommended that Xplore’s stockholders accept the offer and tender their shares in the offer.
The tender offer is scheduled to expire at 12:00 midnight, Eastern time, at the end of the day on Monday, Aug. 13, 2018, unless the tender offer is extended.
Following the merger, Xplore will become a wholly owned subsidiary of Zebra.
