Shares of TeleFix Communications Holdings Inc. (PINK: TLFX), a company engaged in the business of planning, designing, building, installing and maintaining the networks for mobile wireless and critical communications, have risen sharply in early trading today.
At last check, TLFX shares were trading 5.71% higher at $0.0888 on above average volume of 2.17 million.
TeleFix last week announced that the acquisition of VOM Solutions LLC is expected to be completed. A technical services firm, VOM Solutions has access to a substantial team of engineers that are expertise ready. The acquisition would boost TeleFix’s market share.
TLFX said that it will acquire VOM Solutions at five times book with cash and/or common stock based on completion of an independent audit.
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