Article: Symbol Technologies Offers to Buy Ohio-Based Telxon.

Knight Ridder/Tribune Business News

AKRON, Ohio--Jun. 3--Who knows what Telxon Corp. President and

Chief Executive Frank Brick is thinking? Analysts certainly don't.

None could quite explain Tuesday why Telxon apparently has rejected Symbol Technologies Inc.'s latest offer to buy the suburban Fairlawn-based maker of handheld computers and wireless networks: $40 a share in cash or up to $42 in cash and Symbol stock.

Symbol, of Holtsville, N.Y., Tuesday described the offer it made Monday as its "best and final proposal" to acquire Telxon and said the offer will expire at noon next Monday.

"Our price is 40 times Telxon's current earnings and ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!