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Re: pennypuptech post# 27919

Wednesday, 04/29/2015 11:56:32 PM

Wednesday, April 29, 2015 11:56:32 PM

Post# of 34559
Maybe the the Hughes Telematics acquisition. Machine to machine technology and all.

http://www.verizon.com/about/news/press-releases/verizon-completes-acquisition-hughes-telematics

HTI will play a key role in Verizon's strategy to offer platform-based solutions tailored to specific industries. Later this year, businesses will be able to employ combinations of Verizon's leading global IP network, cloud, security and mobility technology platforms with offerings from HTI's advanced suite of services.

HTI is a leader in implementing the next generation of connected services for vehicles, centered on a core platform of safety, security, convenience and infotainment offerings targeting commercial fleet operators, aftermarket and original equipment manufacturer (OEM) offerings as well as products and services for mHealth providers and users.





As a result of the merger, all outstanding shares of HTI have been canceled, and all shares that are quoted on the OTC bulletin board under the symbol "HUTC" and publicly tradable have been converted into the right to receive $12 per share in cash without interest and subject to any required withholding of taxes. With the closing of the transaction, the common stock of HTI ceased to be quoted on the OTC Bulletin Board as of market close on July 25, 2012.