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TSXAlerts


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TSXAlerts > Group's Default Discussion > Large acquisition for Redknee from Nokia View modes: 
  • Large acquisition for Redknee from Nokia

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    4.5 stars

     

    RKN.T $1.39 is buying Business Support Systems from Nokia Siemens. Redknee picks up 1200 employees. Financials also released for RKN and the company generated 2011 earnings of approx. $5 million on revenue just over $50 million.

     

    Market cap just over $100 million with a clean balance sheet. Appears fair value in this trading range but unsure the impact this Nokia acquisition will have on their bottom line.

     

    www.redknee.com



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