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BusinessVerizon To Buy Fleetmatics For About $2.4 Billion
The logo of Verizon is seen at a retail store in San Diego, California April 21, 2016. REUTERS/Mike Blake/File Photo - RTSJQRX

Verizon To Buy Fleetmatics For About $2.4 Billion

By: THEWILL_

Verizon Communications Inc said it will buy GPS vehicle tracking company Fleetmatics Group Plc for about $2.4 billion in cash.

Verizon will pay $60 per Fleetmatics share, a premium of about 40 percent to Friday’s close.

REUTERS

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