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Article: CXR, Digilog sign definitive merger agreement. (CXR Telcom Corp.)
- Article from:
- PR Newswire
- Article date:
- July 31, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. 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)
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CXR, DIGILOG SIGN DEFINITIVE MERGER AGREEMENT
SAN JOSE, Calif., July 31 /PRNewswire/ -- A definitive merger agreement has been signed between CXR Telcom Corporation (AMEX: CXR), here, and Digilog Inc. (NASDAQ: DILO), of Mongomeryville, Pa., under which the two companies would be wholly owned subsidiaries of CXR Corporation, a newly formed company, it was announced today by the two companies.
Under terms of the proposed merger, Digilog shareholders will receive one share of CXR common stock for each share of Digilog common stock outstanding as of the effective merger date. If the per share closing price of CXR common stock is less than $5.50, CXR ...