Lantronix to buy intrinsyc technologies corporation

Lantronix announces definitive agreement to acquire intrinsyc technologies corporation.lantronix inc - will pay $0.55 and issue 0.2135 of a share of common stock of lantronix for each issued and outstanding share of intrinsyc.lantronix inc - affirms guidance for q1 of fiscal 2020.lantronix inc - in aggregate, pay about $11.5 million in cash and issue about 4.3 million shares to intrinsyc shareholders.lantronix inc - affirms guidance provided on september 10, 2019 for quarter ended september 30.lantronix inc - following transaction, intrinsyc shareholders are expected to own about 16% of co's stock.lantronix inc - expects acquisition will be accretive in first full quarter of operations.lantronix inc - anticipates significant operating and product development synergies from deal.
LTRX Ratings Summary
LTRX Quant Ranking