Optelecom-NKF, Inc. (OPTC) To Be Acquired by TKH Group N.V.
Optelecom-NKF, Inc. announced yesterday that it has signed a definitive merger agreement for a subsidiary of TKH Group N.V. to acquire all outstanding shares in an all cash merger transaction for $2.45 per share. Although the merger agreement was unanimously approved by the Board of Directors, the transaction is still subject to the approval of Optelecom-NKF’s stockholders and other customary closing conditions. Alexander van der Lof, CEO of technology company TKH commented, “The strategic fit between TKH and Optelecom-NKF is excellent. Optelecom-NKF’s portfolio is complementary to TKH’s existing portfolio and strengthens TKH’s position in the infra, transport and public transit…