OTCPicks Featured Company: 180 Connect, Inc. (CNCT.OB) Signs Merger Agreement with DIRECTV
180 Connect, Inc. (OTCBB: CNCT) recently announced that they have signed a merger agreement with DIRECTV, Inc. 180 Connect is one of the nation's largest providers of installation, integration, and fulfillment services to the home entertainment industry. The agreement implies that DIRECTV will acquire 100% of 180 Connect’s outstanding common stock and exchangeable shares for $1.80 per share, which includes the company's outstanding debt, making the transaction valued at approximately $105 million. DIRECTV will attain control over a large portion of their installation and home service's network. The merger is expected to close during the third quarter 2008. During Friday's…