SINGAPORE (Sept 27): UOB Kay Hian is keeping Nera Telecommunications at “buy” with a target price of 83.5 cents ahead of an expected special dividend payout following the disposal of its point-of-sale (POS) business.
NeraTel sold its POS business to Ingenico Group for $88 million cash, including $10 million held in escrow for nine months in case of any contingent liabilities.
(See also: Nera Tel to sell payment solutions business for $88 mil)
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