The deal will give Brightpoint an in-house repair operation with more than 300 technicians, Brightpoint said.
“Brightpoint and Touchstone have strong relationships with all of the major wireless handset manufacturers and wireless carriers,” said Robert J. Laikin, Brightpoints chairman and CEO, in a prepared statement. “The combination of our companies creates the wireless industry’s most compellinglogistics service provider.”
Brightpoint will pay $80 million in cash, and expects the transaction to close by Dec. 31.
Shares of Brightpoint were trading more than 1.3 percent higher by 2:45 p.m. Eastern, reaching $8.99.
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November 14 2019 @ 20:57:31 UTC