Monday, May 22, 2006

Stock News: Nera Electronics discuss possible acquisition!

Nera Electronics Ltd, the electronics contract manufacturing arm of Nera Telecommunications Ltd, may advance after saying that it has been approached by an unidentified third party to discuss possible acquisition of the company. "The company has been notified of the _expression of interest by a third party in the acquisition of the company," Nera Electronics said in a statement, adding it has not resulted in any formal offer.

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