IMM SIGNS DEFINITIVE AGREEMENT TO ACQUIRE SCS MOBILECOM, INC. AND SCS TELECOM, INC.
IMM SIGNS DEFINITIVE AGREEMENT TO ACQUIRE SCS MOBILECOM, INC. AND SCS TELECOM, INC. KING OF PRUSSIA, Pa., Oct. 9 /PRNewswire/ -- International Mobile Machines Corporation (AMEX: IMM) announced today that it has entered into a definitive agreement to acquire SCS Mobilecom, Inc. and SCS Telecom, Inc. of Port Washington, N.Y. IMM said it plans to issue restricted common stock and common stock equivalents as consideration for this transaction. Specific terms of the agreement were not disclosed. It is anticipated that the acquisition, which is subject to customary conditions, will be completed on or before Oct. 15, 1992, on which date IMM has scheduled a press conference at the American Stock Exchange, Board of Governors Room in New York City, to present a summary of this transaction and other unrelated announcements. /delval/ -0- 10/9/92 /CONTACT: David L. Smith, senior vp of IMM, 215-278-7831/ (IMM) CO: International Mobile Machines Corporation; SCS Mobilecom, Inc.; SCS Telecom, Inc. ST: Pennsylvania, New York IN: TLS SU: TNM
MK-MP -- PH003 -- 8227 10/09/92 09:15 EDT
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|Date:||Oct 9, 1992|
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