Struggling server appliance vendor Network Engines (NEI) is being acquired by privately-owned Unicom Systems for $63.2M, or $1.45/share, in cash. The deal's price represents an 85% premium to NEI's Monday close. NEI shares were crushed earlier this year after the company announced top customer EMC will be transitioning away from its products. Shares are halted. (PR)
Are you Bullish or Bearish on ?
Sentiment on ()
Thanks for sharing your thoughts.