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News Breaks | | | | January 30, 2013 | | 09:30 EDT |  | ALVR | Alvarion in talks to be acquired by DVTel, Globes says
Alvarion (ALVR) is in talks to be sold to security solutions provider DVTel, while also discussing the sale of its WiMAX division to Fortissimo Capital, according to Globes. The Fly notes ALVR shares are up over 28% in pre-market trade to 55.4c. Reference Link | |
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News For ALVR From The Last 14 Days Check below for free stories on ALVR the last two weeks. |
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| May 10, 2013 | | 16:03 EDT |  | ALVR | Alvarion completes sale of carrier licensed division to Telrad
Under the finally agreed terms, Alvarion will receive consideration of $4M, paid in installments over four quarters, with the first payment of $1.3M payable at closing. In addition, Alvarion may receive certain performance-based milestone payments of up to $7.7M. The change in consideration from the originally-agreed consideration of $6M plus up to $6.1M in certain performance-based milestone payments, announced on February 21 resulted from a waiver of certain closing conditions in order to ensure and expedite the closing of the transaction. | |
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