December 05, 2012 07:50 am
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.