|
|
Article: MDI, Inc. and Almana Networks International, Inc. Announce Merger Agreement.
- Article from:
- Economics & Business Week
- Article date:
- August 29, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MDI, Inc. (PINK SHEETS:MDII) and Almana Networks International, Inc., announced that they have entered into a definitive merger agreement under which Almana Networks will merge with MDI in an all-stock transaction. Almana Networks is a privately held global technology and electronic security solutions provider focused on critical infrastructure, public safety and global commercial enterprise clients.
Following completion of the merger, expected to close in the third quarter of 2009, MDI will adopt Almana Networks' business strategy and continue to be quoted on the Pink Sheets. The current directors, officers and employees of MDI will resign and waive their rights ...