News: NTC Casa Systems To Acquire Netcomm Wireless In A Recommended Transaction

Feb 21 (Reuters) - Casa Systems Inc CASA.O :

• CASA SYSTEMS TO ACQUIRE NETCOMM WIRELESS IN A RECOMMENDED TRANSACTION
• CASA SYSTEMS INC - NETCOMM SHAREHOLDERS WILL RECEIVE CASH CONSIDERATION OF A$1.10 PER NETCOMM ORDINARY SHARE
• CASA SYSTEMS INC - NETCOMM WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF CASA SYSTEMS.
• CASA SYSTEMS INC - SCHEME CONSIDERATION VALUES NETCOMM'S ISSUED EQUITY AT APPROXIMATELY A$161 MILLION
• CASA SYSTEMS INC - TRANSACTION WILL BE FUNDED FROM CASA SYSTEMS' EXISTING CASH ON BALANCE SHEET
• CASA SYSTEMS INC - TRANSACTION WILL BE FUNDED FROM CASA SYSTEMS' EXISTING CASH ON BALANCE SHEET.
• CASA SYSTEMS INC - KEN SHERIDAN HAS STEPPED ASIDE FROM ROLE OF MANAGING DIRECTOR & CEO OF NETCOMM WITH IMMEDIATE EFFECT DUE TO FAMILY HEALTH ISSUES
• CASA SYSTEMS INC - KEN SHERIDAN WILL CONTINUE AS AN EXECUTIVE DIRECTOR ON NETCOMM'S BOARD