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Electrocom Automation Inc

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BUSINESS
August 4, 1994 | From Times Staff and Wire Reports
Germany's AEG to Acquire ElectroCom: ElectroCom Automation Inc., the largest supplier of document-processing systems to the U.S. Postal Service, said it agreed to be acquired by the German conglomerate. Under the deal, AEG, which already owns 26% of ElectroCom, will pay $10 a share in cash for the remaining stake in the company. The deal has an estimated total value of $265 million. ElectroCom stock closed $3.625 higher at $9.75 on the New York Stock Exchange.
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BUSINESS
August 4, 1994 | From Times Staff and Wire Reports
Germany's AEG to Acquire ElectroCom: ElectroCom Automation Inc., the largest supplier of document-processing systems to the U.S. Postal Service, said it agreed to be acquired by the German conglomerate. Under the deal, AEG, which already owns 26% of ElectroCom, will pay $10 a share in cash for the remaining stake in the company. The deal has an estimated total value of $265 million. ElectroCom stock closed $3.625 higher at $9.75 on the New York Stock Exchange.
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BUSINESS
August 31, 1986
ElectroCom Automation Inc., based in Arlington, Tex., promoted David B. Burney to vice president in charge of designing and developing voice and digital radio systems for the Los Angeles Sheriff's Department.
CALIFORNIA | LOCAL
July 2, 1986 | TED VOLLMER, Times Staff Writer
A sophisticated $58.8-million communication system that will enable law enforcement officials to communicate countywide in times of disaster was approved Tuesday by the Los Angeles County Board of Supervisors. The new system, to be phased in by 1990, also will provide sheriff's deputies with walkie-talkies, equipment that for years has been standard issue in most large police departments.
NEWS
February 8, 1986 | LEE MAY, Times Staff Writer
Six House members, citing "grave allegations" about a $200-million postal contract for high-technology equipment, have asked the General Accounting Office to investigate whether the hiring of new Postmaster General Albert V. Casey was linked to the contract.
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