Wireless Telecom Group Inc.
WTT,
stock is rallying by 29.6% in premarket trade on Thursday after it said it agreed to be acquired for $2.13 a share by California-based Maury Microwave Inc. in an all-cash transaction, which is expected to close in the third quarter. The price amounts to a premium of 34% to the its closing share price on Wednesday and a 50% premium since the date of its July, 2022 announcement of its strategic alternatives process.
