Zelmo Zeroman owns
500 sharesof stock in @Road Inc., but his investment is changing because @Road is being acquired by Trimble Navigation Ltd."Trimble Navigation Ltd., which makes navigation systems and software based on GPS satellite technology, said it will buy @Road Inc. for about $496 million, or $7.50 per share." "Under terms of the deal, @Road shareholders will receive about $330 million, or $5 per share in cash, and the remaining $2.50 per share in a mixture of cash and/or stock -- to be determined by Trimble."
Zelmo needs help figuring out what his @Road investment will be like after the Trimble deal closes.
The following was contained in a Trimble Navigation press release."Trimble Navigation Ltd., a maker of navigation systems, said Friday it completed its acquisition of @Road, a manager of mobile resources, for $493.1 million." "Shareholders of @Road will receive $5 cash and 0.0447 shares of Trimble stock for each outstanding share of @Road. The acquisition was announced in December."
TRMB and ARDI closed at
$7.49, respectively, on 16 February 2007.
Creator: Gerald D. Thurman
Created: 09 February 2007