Pharma Investments, Ventures & Law Weekly
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SCM Microsystems, Inc.; Hirsch Electronics Corp.
SCM Microsystems and Hirsch Electronics to Merge
December 28th, 2008
SCM Microsystems, Inc. (Nasdaq: SCMM; Prime Standard, SMY) and Hirsch Electronics Corp. announced they have entered into a definitive agreement to merge. The combination of SCM and Hirsch is expected to result in a new security products leader at a time of escalating market demand for converged security solutions leveraging smart cards and smart chip-enabled devices. Pursuant to the proposed merger, the security holders of Hirsch will receive a combination of cash, SCM common stock and warrants to purchase shares of SCM common stock, with total consideration based on the price of SCM common stock at the time of closing. The combination of SCM, a...
Source: Pharma Investments, Ventures & Law Weekly (2008-12-28)
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