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Tessco Technologies, Inc. - TESS STOCK NEWS

Welcome to our dedicated news page for Tessco Technologies (Ticker: TESS), a resource for investors and traders seeking the latest updates and insights on Tessco Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tessco Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tessco Technologies's position in the market.

Rhea-AI Summary
TESSCO Technologies Incorporated has completed its merger with Lee Equity Partners and Twin Point Capital, acquiring Alliance Corporation and GetWireless. Tessco shareholders will receive $9 per share in cash, resulting in a Company enterprise value of approximately $160 million. Tessco will maintain its facilities and expand its product offering by partnering with Alliance and GetWireless.
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NASDAQ: TESS - Tessco Technologies Inc. (TESS) announced the approval of a merger transaction with Lee Equity Partners LLC and Twin Point Capital LLC, which also own Alliance Corporation and GetWireless, LLC. The merger is expected to close on July 17, 2023, with Tessco becoming wholly owned by the affiliated entities at a merger consideration of $9.00 per share.
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Tessco Technologies, Inc.

Nasdaq:TESS

TESS Rankings

TESS Stock Data

83.30M
Telephone Apparatus Manufacturing
Manufacturing
Link
US
Hunt Valley

About TESS

tessco technologies, inc. (nasdaq: tess) is a value-added technology distributor, manufacturer, and solutions provider serving commercial and retail customers in the wireless infrastructure and mobile device accessories markets. the company was founded more than 30 years ago with a commitment to deliver industry-leading products, knowledge, solutions, and customer service. tessco supplies more than 50,000 products from 400 of the industry’s top manufacturers in mobile communications, wi-fi, internet of things (“iot”), wireless backhaul, and more. tessco is a single source for outstanding customer experience, expert knowledge, and complete end-to-end solutions for the wireless industry.