OSI Systems, Inc. (OSIS) - NASDAQ
  • Tue, Jun. 21, 7:16 AM
    • The price works out to $37 per share in cash vs. a close of $32.34 for ASEI last night. Closing is expected sometime during the December quarter.
      OSIS CEO Deepak Chopra: "The acquisition of AS&E will be the most significant security acquisition in our Company’s history and we believe represents an excellent strategic fit consistent with our expansion strategy."
    • Annual pretax synergies of at least $18M are expected within the first two years post-closing. The deal is expected to be accretive to non-GAAP EPS in fiscal 2017, and at least 10% accretive to FY 2018 GAAP EPS.
    • A conference call is set for 10 ET.
    | Tue, Jun. 21, 7:16 AM | 1 Comment
Company Description
OSI Systems, Inc. is an integrated designer and manufacturer of specialized electronic systems and components for critical applications. The company sells its products and provides services in diversified markets, including homeland security, healthcare, defense and aerospace. It operates... More
Sector: Technology
Industry: Semiconductor Equipment & Materials
Country: United States