NEC America Inc, Melville, New York, is to pay $4.4m, $8.49 a share, for 520,522 shares in one of its US distributors, AIM Telephones Inc of Parsippany, New Jersey, with an option to take its holding up to 51% after two years: the new shares, representing 10% of the enlarged equity on a fully-diluted basis, […]
NEC America Inc, Melville, New York, is to pay $4.4m, $8.49 a share, for 520,522 shares in one of its US distributors, AIM Telephones Inc of Parsippany, New Jersey, with an option to take its holding up to 51% after two years: the new shares, representing 10% of the enlarged equity on a fully-diluted basis, are being sold at a discount to the $10.50 price in the market.
