SA News • Jun. 1, 2012
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Jun. 1, 2012, 8:26 AMVerizon (VZ) agrees to acquire Hughes Telematics (HUTC.OB) for $612M, or $12/share in cash. VZ says the deal would expand its capabilities in the automotive and fleet telematics marketplace and accelerate growth in key vertical segments, including emerging machine-to-machine services applications. HUTC +7.8%, VZ -1.4% premarket. | Comment!
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