Zebra Technologies Commences Cash Tender Offer For Xplore Technologies

(RTTNews) - Zebra Technologies Corp. (ZBRA) said that through its wholly owned subsidiary, Wolfdancer Acquisition Corp., it is commencing a cash tender offer to purchase all of the outstanding shares of common stock of Xplore Technologies Corp. (XPLR).

Zebra Technologies announced on Thursday, July 5 that it entered into a merger agreement with Xplore.

Upon successful completion of the tender offer, shareholders of Xplore will receive $6.00 in cash for each share of Xplore common stock validly tendered and not properly withdrawn, without interest and less any required withholding taxes.

Xplore's board of directors has unanimously approved and declared advisable the offer and the other transactions contemplated by the merger agreement. The board has recommended that Xplore's stockholders accept the offer and tender their shares in the offer.

The tender offer is scheduled to expire at midnight on August 13, 2018, unless extended. The consummation of the tender offer is conditioned upon the tender of a majority of the outstanding shares of Xplore's common stock on a fully diluted basis.