Avista Capital Partners to Buy Telular for $253 Million
Telguard's parent company, Telular Corporation, Chicago, and Avista Capital Partners, New York, jointly announced that they entered into a definitive agreement providing for the acquisition of Telular for $12.61 per share net in cash and approximately $18.5 million in assumed net debt, or approximately $253 million in total consideration.
The purchase price represents a 31 percent premium to the closing share price on April 26, 2013, the last full trading day before the announcement, and a 27 percent premium to the 60-day average share price.