WPCS Takeover
On August 27th, Riley Investment offered to acquire WPCS International Incorporated (Nasdaq: WPCS) for $3.50 per share in a non-binding letter.
In response to the takeover offer, WPCS said it would treat this offer seriously but said the offer "contains vague references to a possible offer without the details as to the proposed structure, sources of funding and other basic elements that would allow our board and its advisors to evaluate the offer."
In response to the takeover offer, WPCS said it would treat this offer seriously but said the offer "contains vague references to a possible offer without the details as to the proposed structure, sources of funding and other basic elements that would allow our board and its advisors to evaluate the offer."
