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