Porta Systems Corp. (OTCQX: PORT) has sold its Copper Products Division to Tii Network Technologies, Inc. for a cash price of $8,150,000 and the assumption of certain division liabilities. The final purchase price is subject to adjustment based on the closing book value of the net assets sold.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
The transaction includes Tii’s acquisition of Porta’s subsidiaries in Mexico and the U.K. Porta Systems will continue to operate their North Hills Signal Processing business which manufactures products sold mainly for use in defense and aerospace applications.
Porta Systems Corp. (Porta) is engaged in designing, manufacturing and marketing systems for the connection, protection, testing and administration of public and private telecommunications lines and networks and products that provide network infrastructure that connects remote terminals used in military data transmission applications.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
