RELM rejects merger bid
RELM Wireless recently announced its board of directors has unanimously rejected an unsolicited stock-for-stock merger proposal from Wireless Age Communications,
RELM Wireless recently announced its board of directors has unanimously rejected an unsolicited stock-for-stock merger proposal from Wireless Age Communications, saying that a merger was not in the best interests of RELM’s shareholders. “We believe that the best interests of RELM and its shareholders will be best served by the company remaining independent and pursuing the strategy already in place for enhancing future growth and profitability,” said RELM Chairman George Benjamin in a letter to John Simmons, CEO of Wireless Age Communications.
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