Avista Capital to Buy Telular for Roughly $253 Mln

Avista Capital Partners has agreed to buy Telular Corp. for $12.61 a share or about $253 million. The purchase price represents a 31% premium to Telular's closing share price on April 26. Telular's board has unanimously approved the proposed acquisition by Avista. Chicago-based Telular provides remote monitoring and asset tracking solutions for business and residential customers. Oppenheimer & Co. acted as financial advisors to Telular while SunTrust Robinson Humphrey advised Avista.

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