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Wegener Corporation Updates Status of Sencore LOI and Bank Financing.

Publication: Mergers & Acquisitions Week
Publication Date: 30-SEP-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Wegener Corporation (NASDAQ:WGNR) announces that the exclusivity period in its Letter of Intent (LOI) with Sencore, Inc. expired on September 13, 2009 and that Wegener Corporation has terminated the Letter of Intent. Additionally, WEGENER announces that an amendment has been added to its loan agreement with its Senior Lender.

The exclusivity period set forth in the non-binding Letter of Intent between Wegener Corporation and Sencore, Inc. expired earlier this week. The Wegener Corporation Board of Directors unanimously voted to terminate the Letter of Intent...

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