Flexible Electronics News

SCM Microsystems, Bluehill ID Agree to Combine in All-Shares Transaction

Combination aims to create new leader in access control, identity management and RFID technologies

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By: DAVID SAVASTANO

Editor, Ink World Magazine

SCM Microsystems, Inc. and Bluehill ID AG announced they have entered into an agreement to combine their respective companies, subject to certain regulatory and shareholder approvals. Under the agreement, SCM will make an offer to the Bluehill ID shareholders to acquire all shares of Bluehill ID. Shareholders of Bluehill ID who accept and tender their shares in the offer are expected to receive 0.52 shares of SCM’s common stock for every one share of Bluehill ID. If all of the Bluehill sh...

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