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Tollgrade Communications Acquires Emerson Subsidiary |
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Monday, 27 February 2006 |
Tollgrade Communications Acquires Emerson Subsidiary
 LOS ANGELES, CA, (NAMC) - Network service assurance products and services provider. Cheswick, Pennsylvania based Tollgrade Communications, Inc (NASDAQ: TLGD) has completed the acquisition of Energy Systems N.A. The wireline system unit of Emerson Network Power, a subsidiary of Emerson (NYSE: EMR) was purchased for approximately $5.5 million in cash, the unit could add over $7 million in revenues to Tollgrade in 2006. Tollgrade closed at $13.98 on Friday. This article can be republished either online or in print as long as credit is given to the author and the NAMC Newswire. NAMC Newswire articles can now be listened to on StreetIQ.com http://www.streetiq.com/dir/NAMC.shtml# To keep up to date with companies that we report on just register to receive the FREE Wall Street to Main Street Daily Newsletter. We feature companies that trade on the NYSE, AMEX, NASDAQ, OTCBB and Overseas, Keeping our readers informed daily. Just go to our site and register, it’s simple and free, www.namcnewswire.com/newsletter . Also be sure to visit the NAMC radio at www.namcnewswire.com/namcradio for the latest reports, interviews and corporate updates featured on the NAMC Newswire. |
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