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