Battery Ventures Agrees To Buy RAE Systems For $1.60 A Share
RAE Systems Inc., a developer of sensor solutions for the industrial, energy, environmental and government safety markets, signed a definitive agreement to be acquired for $1.60 per share by an affiliate of Battery Ventures. The purchase price represents a premium of approximately 53.8% over RAE Systems' closing share price on Sept. 17, 2010. This transaction requires RAE Systems' shareholder approval.
20 September 2010•6 mins read
