IDSY - I.D. Systems/Pointer Telocation Merger Provides An Interesting Opportunity With 8% Upside
- Offer: $16.20
- Current price: $15
- Spread: 8%
- Closing: Q3
Israeli based telematics and mobile IOT solutions provider Pointer Telocation (PNTR) is being acquired by its U.S. peer - industrial vehicle management company I.D. Systems (IDSY). Consideration stands at $8.5 in cash + 1.272 IDSY shares per each PNTR share. Transaction is priced at (LTM) 11.4x Ebitda multiple and 20.4x P/E vs median peer acquisition multiple of 10.4x and 16.1x P/E. A majority shareholder approvals of both firms will be needed and meetings are set on the 29th of August. So the