Zebra To Acquire Xplore - Quick Facts

(RTTNews) - Zebra Technologies Corp. (ZBRA) and Xplore Technologies Corp. (XPLR) announced that their boards have approved a definitive agreement in which Zebra will acquire all outstanding common stock of Xplore for $6.00 per share in cash. The aggregate consideration of the transaction, including assumed indebtedness, is expected to be less than or equal to $90 million.

Zebra is effecting the acquisition through a public tender offer for 100% of the shares of Xplore. Certain Xplore shareholders have entered into tender support agreements with Zebra pursuant to which they have agreed to tender their shares to Zebra's offer.

Zebra expects to fund the transaction with a combination of cash on hand along with fully committed financing available under its credit facility.