Black Box Buys Norstan

On Dec. 20, $525.5 million Lawrence, PA-based Black Box (NASDAQ:BBOX) announced it will acquire all of the outstanding shares of Minnetonka, MN-based voice services provider Norstan (NASDAQ:NRRD). The price tag: $5.60 per share in cash, or $95 million, which includes $12.4 million of debt.

The $223.6 million Norstan provides communication technology services , including as messaging, conferencing, and enterprise mobility, as well as voice and data network monitoring.

Pending closing conditions, the deal will be completed during the quarter ending March 31, Black Box’s fourth quarter.Following the acquisition, Norstan will become a fully-integrated operating unit of Black Box led by Scott G. Christian, Norstan’s president/CEO.

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