Maury Microwave, Inc. entered into an agreement to acquire Wireless Telecom Group, Inc. (NYSEAM : WTT) for $46.5 million.
The Wireless Telecom Group board of directors unanimously approved the merger agreement and recommended that Wireless Telecom Group shareholders vote in favor of it at a special meeting of stockholders. Subject to the approval of Wireless Telecom Group shareholders and the satisfaction of other customary closing conditions. Completion of the transaction is expected in the third quarter of 2023.
Mark L. Opitz and Greer A. Longer of Morgan, Lewis & Bockius acted as legal advisor to Maury Microwave. Tara Newell and Aaron Lang of Bryan Cave Leighton Paisner acted as legal advisor to Wireless Telecom Group. CDX Advisors acted as financial advisor to Wireless Telecom. Lee D. Charles and Lakshmi Ramanathan of Baker Botts advised CDX Advisors LLC who acted as financial advisor.