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DIRECTV to Purchase Installation Fulfillment Services Company 180 Connect Inc. to Gain Control of a Significant Portion of the DIRECTV Installation Network.

Publication: Business Wire
Publication Date: 18-APR-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: DIRECTV to Purchase Installation Fulfillment Services Company 180 Connect Inc. to Gain Control of a Significant Portion of the DIRECTV Installation Network.(Company overview)

Article Excerpt
In a Separate Transaction, UniTek USA will Acquire 100 Percent of 180 Connect's Cable Assets and Certain DIRECTV Installation Markets In Exchange for UniTek's Satellite Installation Services in Three Markets and Cash

180 Connect and UniTek Deals to Close in the Third Quarter 2008

EL SEGUNDO, Calif., TORONTO, Ontario & ENGLEWOOD, Colo. -- 180 Connect Inc., one of North America's largest providers of installation, integration and fulfillment services to the home entertainment, communication, and home integration service industries, has signed a definitive merger agreement with DIRECTV, the nation's leading satellite television service. The transaction will provide DIRECTV with control over a significant portion of its installation and home service network and is expected to close in the third quarter of 2008.

Under the terms of the agreement, DIRECTV will acquire 100 percent of 180 Connect's outstanding common stock and exchangeable shares for $1.80 per...

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