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Technology Stocks : YURI ( YURI SYSTEM ) -- Ignore unavailable to you. Want to Upgrade?


To: telephonics who wrote (190)11/26/1997 9:39:00 AM
From: telephonics  Read Replies (1) | Respond to of 1181
 
Yurie,which provides ATM WAN access equipment,agreed on Nov 3 to acquire the privately held Data Labs,which makes branch office ATM access equipment for 358,412 of its common shares (value about $11 million)
When Yurie announced this deal its shares rose 2.5%
Yuri expected a one time charge in the fourth quarter related to this acquisition. In a filing with the SEC Yuri stated that the acquisition was subject to execution of a definitive merger agreement and by shareholder and company approvals.

I believe the letter agreement has now expired but that the companies are continuing discussions. Wonder if the drop in Yuri is problem??