LONDON--Psion PLC (PON.LN), a mobile computing solutions
company, Thursday reported a widened half-year loss and said
Motorola Solutions' offer to acquire the company is expected to
complete in the fourth quarter of 2012.
MAIN FACTS:
-Loss before tax in the six months ended June 30 came to 8.7
million pounds (2011: loss of GBP5.3 million)
-Revenue GBP80.2 million (2011: GBP81.4 million)
-No dividend (2011: 1.3 pence)
-Cash generated from operations GBP1.7 million (2011: GBP0.4
million)
-Completed restructuring plan to reduce cost base by GBP6
million annually
-Motorola Solutions Inc. recommended offer to acquire Psion for
88 pence per share announced June 15
-Shares closed Wednesday at 87.4 pence valuing the company at
GBP124 million.
Write to Jana Weigand at jana.weigand@dowjones.com
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