Verizon to Acquire Fleetmatics in $2.4B Deal
Aug 01 2016
"Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it’s buying Fleetmatics, a telematics company based out of Dublin, Ireland, for $2.4 billion in cash,"
+ $2.4 billion in cash
+ $60 a share (40% premium over last weeks closing) NYSE:FLTX
+ Fleetmatics brings over 37,000 customers and approximately 737,000 subscribers