Business
Business

EMS Technologies to explore options, cites interested parties

By David Markiewicz
April 19, 2011

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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