SMART Technologies (SMT) Posts Wider Q4 Loss

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Foxconn to Acquire SMART Technologies (SMT) for $4.50/Share

May 26, 2016 9:07 AM EDT

SMART Technologies Inc. (NASDAQ: SMT) and Foxconn Technology Group ("Foxconn") announced they have entered into an arrangement agreement (the "Arrangement Agreement") under which Foxconn has agreed to acquire all of the outstanding common shares of SMART ("Common Shares") for a cash payment of US$4.50 per Common Share (the "Arrangement"). The US$4.50 per Common Share purchase price represents a premium of approximately 21% to the volume weighted average price over the last 90 trading days prior to announcement of the Arrangement on the NASDAQ Stock Market ("NASDAQ").

"We are very excited by the proposed... More

SMART Technologies (SMT) Halted, News Pending

May 26, 2016 8:59 AM EDT

SMART Technologies (NASDAQ: SMT) Halted, News Pending

... More