Technology licensing company WiLan (WIN.TO) (WILN.O) said on Wednesday it plans to make an all-cash offer to purchase fellow Canadian patent company Mosaid (MSD.TO) for about C$480 million ($489 million). WiLan said it would pay C$38 a share for Mosaid to create a company with global "scope, scale and expertise". That price is a 20 percent premium to Mosaid's closing price on Wednesday. Technological patents have come to the fore in recent years, illustrated by the $4.5 billion price tag on intellectual property belonging to bankrupt Nortel Networks (NRTLQ.PK).
Wi-LAN Inc. (WiLAN) develops, acquires, and licenses a range of intellectual property that drives products in communications and consumer electronics markets. Shares of WIN traded higher by 1.09% or $0.13/share to $12.11. In the past year, the shares have traded as low as $10.76 and as high as $14.40. On average, 6152270 shares of WIN exchange hands on a given day and today's volume is recorded at 5070672.
Shares of WILN traded higher by 2.27% or $0.16/share to $7.22. In the past year, the shares have traded as low as $4.95 and as high as $10.13. On average, 185886 shares of WILN exchange hands on a given day and today's volume is recorded at 201522.
MOSAID Technologies Incorporated (MOSAID) is a Canada-based company focused on renewal of a semiconductor licensee, expanding the number of licensees to its wireless portfolio and preparing for discussions with licensees to its microcomponent and communications portfolios. Shares of MSD traded higher by 0.65% or $0.07/share to $10.78. In the past year, the shares have traded as low as $9.75 and as high as $11.80. On average, 67571 shares of MSD exchange hands on a given day and today's volume is recorded at 61268.
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