Inseego Announces Sale of Telematics Business For $52 Million in Cash
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
Proceeds to Drive Further Deleveraging and Improvement of Capital Structure and Support Company Focus on Driving Growth in 5G Mobility and Fixed Wireless Solutions SAN DIEGO--(BUSINESS WIRE)--Inseego Corp. (Nasdaq: INSG) (the “Company” or “Inseego”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced that it has entered into a definitive agreement to sell its fleet management and telematics business in an all-cash transaction for $52 million. Under the terms of the agreement, a portfolio holding company of Convergence Partners ("Convergence"), an investment management firm focused on the technology sector, will acquire Inseego’s remaining telematics business that operates across the United Kingdom, the European Union, Australia and New Zealand.Inseego’s decision to divest its fleet management and telematics operations was based on a review of the strategic fit of the business with the Compan
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News
- Inseego Corp. (NASDAQ: INSG) had its price target raised by analysts at Stifel Nicolaus from $11.00 to $17.00. They now have a "hold" rating on the stock.MarketBeat
- Small-cap stocks have climbed recently. Here are the ones most poised for further upside [Seeking Alpha]Seeking Alpha
- Inseego sells its telematics business for $52M [Seeking Alpha]Seeking Alpha
- Inseego Continues Debt Reduction and Capital Structure ImprovementsBusiness Wire
- Are You Looking for a Top Momentum Pick? Why Inseego (INSG) is a Great Choice [Yahoo! Finance]Yahoo! Finance
INSG
Earnings
- 8/7/24 - Miss
INSG
Analyst Actions
- 9/17/24 - Stifel
INSG
Sec Filings
- 9/24/24 - Form 8-K
- 9/16/24 - Form 8-K
- 9/11/24 - Form 8-K
- INSG's page on the SEC website