28 July 2014 – acquisition
Stadium has announced the acquisition of United Wireless Ltd, which is a specialist in the design and manufacture of electronics for the machine-to-machine wireless sector. The maximum total consideration will be £8m in cash and shares. With the deal expected to be immediately earnings enhancing this looks to be attractive and should help drive shareholder value higher. Interim results are due out on 9 September and ahead of the news we rate the shares as a BUY.