NetworkNewsBreaks – xG Technology, Inc. (NASDAQ: XGTI) Shares Surge on Acquisition of Vislink Communication Systems
Shares of xG Technology (NASDAQ: XGTI) are higher 23% in morning trade following news that the wireless solutions provider has completed its acquisition of Vislink Communication Systems, assuming full ownership of the business. The previously announced acquisition was a $16 million binding asset purchase agreement and was paid for with $6.5 million in cash and a $9.5 million promissory note. xG said it intends to use a combination of new debt and internal funding to pay the promissory note off. To view the full press release, visit: http://nnw.fm/sVyO3 About xG Technology, Inc. xG Technology is a provider of wireless video…







