Flexible Electronics News

Sirit Announces Increased Offer from Federal Signal

The increased consideration represents a premium of 43 percent to the value of the original Federal Signal offer

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sirit Inc., a leading provider of radio frequency identification technology, announces that it has signed an agreement with Federal Signal Corporation for the purpose of amending their previously announced agreement under which Federal Signal will acquire all of the issued and outstanding common shares of Sirit by way of plan of arrangement. Under the terms of the amended agreement, Sirit shareholders would receive, for each common share, $0.43 in cash (instead of $0.30 in cash under the origin...

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