EMS Technologies to explore buyout options, cites interested part

EMS Technologies, an Atlanta provider of wireless connectivity solutions over satellite and terrestrial networks, said it has had inquiries from "potentially interested acquirers" and that its board plans to start a process to explore strategic alternatives.

"While we continue to believe that the successful execution of EMS' strategic plan is creating significant value for our shareholders, given the level of interest recently shown in the company, the board believes it should establish a process to evaluate proposals from potentially interested parties," Jack Mowell, EMS chairman, said.

The board said the 2011 annual shareholders meeting was postponed from May 12 to June 30.

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David Markiewicz

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