Audiovox Communications Officially Sold
Nov 2, 2004, 2:24 PM by (staff)
Audiovox Corporation announced late yesterday that it has completed the sale of its cellular subsidiary, Audiovox Communications, to UTStarcom. The $165 million cash deal, initially announced in June, officially closed Monday afternoon after receiving regulatory and shareholder approval. Toshiba's former 25% stake was repurchased as part of the terms. The new company will be known as UTStarcom Personal Communications.
|What about Toshiba?||jukebox2||
|so long audiovox!!!||MobileMerc||
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