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Israeli Anti-Trust Authority Clearance

10th Feb 2011 09:07

RNS Number : 0080B
Telit Communications PLC
10 February 2011
 

 

 

 

 

TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Israeli Anti-Trust Authority Clearance of Motorola M2M acquisition

 

On 28 January 2011, Telit Communications Plc, a leading m2m wireless technology company, announced the proposed acquisition of Motorola m2m, the m2m communications division of Motorola.

 

Telit announces that it has received unconditional clearance to the transaction from the Israeli Anti-Trust Authority. Completion of the acquisition remains conditional upon the Company's receipt of approval from the Office of the Chief Scientist of the Israeli Ministry of Industry, Trade & Labour as well as shareholder approval of the Resolutions to be proposed at the General Meeting to be held on 16 February 2011.

 

Expressions used in this announcement shall have the meanings set out in circular sent to shareholders on 28 January 2011.

 

For further information please contact:

 

Telit Communications Plc +39 06 420 4601

Oozi Cats, CEO

Yariv Dafna, CFO

Michael Galai, VP Legal & General counsel

 

Investec +44 20 7597 4000

Andrew Pinder

Patrick Robb

Dominic Emery

This information is provided by RNS
The company news service from the London Stock Exchange
 
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