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Computer peripherals industry

Xerographic Laser Images Corporation Acquires Relialogic Technology Corporation

Strategic Insights

— 1 min read

Xerographic Laser Images Corporation, a technology company specializing in design, development, and marketing of Advanced Semiconductor Integrated Circuits (ASICs), has announced the completion of its acquisition of Relialogic Technology Corporation, a leading provider of specialty personal computers, controller boards, and CD-ROM players. The acquisition is expected to strengthen XLI's balance sheet, broaden its business base, and create significant synergistic value. In a strategic move, XLI issued 4,980,850 shares of its common stock in exchange for all outstanding shares of RTC and will receive approximately $1,100,000 in cash for research and development.

Key Takeaways:

  • Xerographic Laser Images Corporation (XLI) has completed the acquisition of Relialogic Technology Corporation (RTC) for $1,100,000 in cash and 4,980,850 shares of its common stock.
  • The acquisition is expected to strengthen XLI's balance sheet, broaden its business base, and create significant synergistic value.
  • XLI has disclosed that the combination of its proprietary technology with RTC's product line and existing distribution system offers great potential for synergy.
  • Tony D'Amelio, President and CEO of XLI, comments on the acquisition, stating it allows XLI to expand its ongoing research and development efforts, strengthen its balance sheet, and broaden its base of business.
  • RTC has established VAR distribution channels worldwide, including strategic manufacturing relationships in the Far East.
  • The acquisition is expected to create an even more dynamic company with strong appeal to customers worldwide.
  • XLI's Board of Directors has declared a stock dividend payable on December 31, 1995, of one share for every five shares of XLI common stock owned as of January 31, 1995.

Statistics:

  • Total revenues of Relialogic Technology Corporation for its first fiscal quarter ended September 30, 1994: $1,615,573.
  • Number of shares of XLI common stock issued in exchange for all outstanding shares of RTC: 4,980,850.
  • Amount of cash received by XLI from the acquisition: $1,100,000.
  • Number of shares of XLI common stock owned by shareholders eligible for the stock dividend: unknown.

Sources:

  • Business Wire, "Xerographic Laser Images Corporation Announces Acquisition of Relialogic Technology Corporation," December 19, 1994.

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