September 13, 1994
American Mobile Systems Inc. in Woodland Hills said Nextel Communications Inc., a wireless communications company, has offered to purchase all the American Mobile shares it doesn't already own for about $73 million. Nextel earlier agreed to acquire up to 65% of American Mobile equity for a combination of cash and properties in Florida. It currently owns about 9% of American Mobile's shares. Under the new proposal, Rutherford, N.J.
September 21, 1993
American Mobile Systems Inc., a Woodland Hills operator of mobile radio systems, said the Federal Communications Commission approved New Jersey-based Nextel Communications' plan to buy a majority stake in American Mobile for at least $50 million. Under a previously announced agreement between the two companies, Nextel can acquire as much as 61% of American Mobile's common stock at $7 per share. Nextel was formerly Fleet Call Inc.
August 31, 1993
A New Jersey company has agreed to acquire a majority stake in American Mobile Systems Inc., a Woodland Hills operator of mobile radio systems, for at least $50 million, American Mobile said. Under the agreement, Nextel Communications Inc. of Rutherford, N.J., which says it is the second-largest operator of specialized mobile radio systems in the United States, will acquire at least a majority, and up to 61%, of American Mobile's common stock at $7 per share, American Mobile said.
April 20, 1993
A bidding contest for shares of American Mobile Systems Inc. in Woodland Hills has escalated with a new offer from Transit Communications Corp. Transit, based in Atlanta, has offered to buy at least 8.75 million newly issued shares of American Mobile in exchange for about $8.50 a share in cash and in mobile-radio properties, or a total of $76 million. Both companies provide radio-dispatch and mobile-radio services.
March 30, 1993
A New Jersey company has agreed to acquire a majority interest in American Mobile Systems Inc., a struggling Woodland Hills-based provider of radio-dispatch and mobile-radio services in the Southeast, for a total of about $65 million. Fleet Call Inc. in Rutherford, N. J., said it will purchase at least 7.14 million shares of American Mobile stock for $7 per share in cash and Florida mobile radio properties, or a total of $50 million.
March 2, 1993
American Mobile Systems Inc., a struggling Woodland Hills-based provider of radio-dispatch and mobile-telephone services, said it has tentatively agreed to merge with Transit Communications Corp. and JCC Holdings Inc., two privately owned mobile radio dispatch services based in Georgia. American Mobile said its shareholders would receive 41% of the stock of the combined companies. Transit Communications would receive 40%, and JCC Holdings would receive 19%, American Mobile said.