L-1 Identity Solutions: acquires Bioscrypt
06.08.2012 - L-1 Identity Solutions: acquires Bioscrypt. Bioscrypt has entered into a definitive agreement with L-1 Identity Solutions, whereby L-1 will acquire all outstanding Bioscrypt shares...
L-1 Identity Solutions: acquires Bioscrypt. Bioscrypt has entered into a definitive agreement with L-1 Identity Solutions, whereby L-1 will acquire all outstanding Bioscrypt shares in a stock-for-stock transaction.
Under the terms of the definitive agreement, the company will purchase Bioscrypt shares for consideration currently valued at CDN $ 0.55 per share, representing a total purchase price of approximately CDN $ 44.0 million
“This transaction represents a strategic opportunity for Bioscrypt shareholders to maintain and develop their interest in the growing market for biometric technologies with an expanded market potential as a member company of L-1, a global leader in the identity management space”, said Robert M. Douglas, president and CEO of Bioscrypt.
