May 2, 2018 / 6:56 AM / 2 months ago

BRIEF-MTI Wireless Says Merger Agreement Signed With Majority Shareholder

May 2 (Reuters) - MTI Wireless Edge Ltd:

* MTI WIRELESS EDGE LTD - ANNOUNCES THAT ON 1 MAY, ENTERED INTO A MERGER AGREEMENT WITH ITS MAJORITY SHAREHOLDER, MTI COMPUTERS & SOFTWARE SERVICES LTD

* MTI WIRELESS EDGE - AS CONSIDERATION, CO WILL ALLOCATE TO SHAREHOLDERS OF MTIC 31.6 MILLION NEW ORDINARY SHARES, SUBJECT TO A CONVERSION RATIO MECHANISM Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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