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ID Systems Inc. Message Board

  • dbtunr dbtunr May 22, 2013 9:59 AM Flag

    WRLS was offered $90M for Skybitz and Tanklink

    in reading the WRLS SEC docs, background of the Avista purchase, it seemed there were 3 offers for WRLS. One from a partner of WRLS (Possibly Iridium, IMO), offered $90M for Skybitz and Tanklink. That is about 2X sales. That would value AI division of IDSY at $30M which we bought for $15M.

    The SEC doc also detailed that negotiations were going on for about 13 months. Possibly the volume and price move of IDSY is people doing DD on IDSY and making "lowball" offers of $6-$8. "lowball" as viewed by our management.

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