Friday, September 01, 2006

RFID Ltd To Acquire Four Radio Frequency Companies

RFID, Ltd (OTC: RFDL) has plans to buy four companies involved in the RFID market. As such, they informed their shareholders of a number of actions that they are taking to prepare for the acquisitions. This includes a repurchase of 1,000,000 shares of RFDL and discussions with investment banks and financial institutions. No details of the intended targets was given. [via biz.yahoo]

RFID, Ltd, is joining a growing list of companies buying out RFID businesses, including Barcoding and Weyerhaeuser.

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