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Acquisition transforms Federal Signal into a leader in intelligent transport systems
January 14, 2010
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sirit Inc., a leading provider of RFID technology, and Federal Signal Corporation, a leader in environmental, safety and transportation solutions, announced that they have signed a definitive agreement whereby Federal Signal will acquire all of the issued and outstanding common shares of Sirit for cash consideration of CDN$0.30 per share by way of a court approved plan of arrangement under the Business Corporations Act (Ontario). The transaction has a total equity value of approximately CDN$49.5...
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