38° M/CLOUDY, PETALUMA
Turin gets OK to buy Carrier Access
Last Modified: Saturday, February 9, 2008 at 3:30 a.m.
Carrier Access Corp. shareholders approved a $93 million deal Friday to sell the Colorado wireless access company to Petaluma-based Turin Networks.
Turin will pay $2.60 in cash, without interest, for each share of Carrier Access common stock.
Carrier Access has its headquarters in Boulder and a research and development center in Shanghai, China. The publicly held company makes wireless technology that helps carriers deliver Internet-based phone and data service.
Turin has about 100 employees in Petaluma and about 100 at locations in Texas, Massachusetts and sales offices worldwide. The company will have about 350 workers when the deal is complete.
-- Press Democrat staff and wire
All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.
Add a Comment
Only moderator-approved comments are shown on this page. To see all comments, please visit the forum. We at PressDemocrat.com created these forums as a place where our community can exchange ideas on news issues and express their thoughts. Please be courteous and respectful. Avoid expletives, false statements, veiled or overt threats and personal attacks. Stay on topic. (View full Terms of Service.)Post a comment | View all comments on this topic.