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Tuesday, April 19, 2011

EMS Technologies says to explore strategic alternatives

Wireless connectivity products maker EMS Technologies Inc said it is evaluating strategic alternatives after it received enquiries from potential buyers. Shares of the company rose 5 percent in pre-market trading after closing at $20.77 on Monday on Nasdaq. EMS said its board will evaluate the existing enquiries and seek proposals from other potential buyers. The company also said it postponed its annual shareholders' meeting to June 30, 2011 from from May 12.