RF Industries (RFIL) to Acquire Microlab LLC

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Go back to RF Industries (RFIL) to Acquire Microlab LLC

RF Industries Announces Agreement to Acquire Microlab RF Business Unit of Wireless Telecom Group

December 17, 2021 8:01 AM EST

SAN DIEGO, CA / ACCESSWIRE / December 17, 2021 / RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced it has entered into a definitive agreement to acquire Microlab LLC, the radio frequency components business of Wireless Telecom Group, Inc. (NYSE American: WTT),for an aggregate cash consideration of $24.25 million. The transaction, which was unanimously approved by the board of directors of both companies, is subject to various terms and conditions, including approval by Wireless Telecom Group's shareholders. Wireless Telecom Group has agreed to file a proxy statement... More