Mergers and Acquistions News
Categories: IT Services & Consulting
November 1st 2011, 12:00PM
Technology firm Wi-Lan has insisted it will not increase its offer takeover offer of $42 (£26) per share for MOSAID.
In a statement issued today (November 1st), the Canadian company - which was established in 1992 and has now licensed intellectual property to more than 255 organisations across the globe - has ruled out the possibility of upping this price.
According to Wi-Lan's board, doing so would not be in the best interests of the firm's shareholders, despite the fact they remain determined to expand in the wake of the recession.
Jim Skippen, chairman and chief executive officer of Wi-Lan, commented: "With a strong balance sheet, significant revenue backlog and a skilled and experienced team, we are well positioned to continue growing our business."
Mr Skippen went on to pledge that along with his fellow senior officials at the company, he will carry on looking for ways to enhance the business in the near future so it can become a "global IP licensing powerhouse". 
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