Zebra to use committed financing under credit facility for Xplore buy

By Sara Rosenberg

New York, July 5 – Zebra Technologies Corp. plans on using fully committed financing available under its credit facility and cash on hand to fund its acquisition of Xplore Technologies Corp., according to a news release.

Under the agreement, Xplore is being bought for $6.00 per share in cash. The aggregate consideration of the transaction, including assumed debt, is expected to be less than or equal to $90 million.

Closing is targeted for the third quarter, subject to customary conditions.

Zebra is a Lincolnshire, Ill.-based provider of marking and printing technologies. Xplore is an Austin, Texas-based designer, marketer and manufacturer of rugged tablets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.