DDS Wireless International Inc., a world leader in providing wireless data solutions for fleet management, which it has been providing for more than 26 years, today announced the successful completion of its going private transaction, pursuant to which a company owned by Vari Ghai, the Chief Executive Officer and a director of the Company, acquired all of the outstanding securities of the Company that the Purchaser and its affiliates did not previously own by way of a plan of arrangement (the “Arrangement”). The Arrangement was completed following the approval of the Supreme Court of British Columbia and the satisfaction of various conditions precedent to the Arrangement. Total value of the transaction exceeded $30,000,000. Bernard Pinsky and Stewart Muglich acted for Vari Ghai and his company to complete the transaction. For more information, see the DDS Wireless press release.
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