CALIFORNIA | LOCAL
November 10, 1998 |
Shareholders of Eltron International in Simi Valley have approved a merger with Zebra Technologies Corp. Eltron International is now a wholly owned subsidiary of Zebra, which is based in Vernon Hills, Ill. The transaction was structured as a tax-free pooling of interests. Zebra Technologies manufactures thermal label printers used for bar code identification. Zebra also offers software and related supplies to its customers, which include more than 70% of the Fortune 500 companies.
October 29, 1996 |
Eltron International Inc., a Simi Valley manufacturer of bar-code label printers, software and accessories, last week signed a letter of intent to merge with Zebra Technologies Corp. of Vernon Hills, Ill. The stock transaction, pending regulatory approval, is valued at about $680 million. As separate companies, Eltron is valued at about $300 million and Zebra Technologies at $600 million. At the time of the transaction, Eltron shares were trading at $33.50, with 7.
February 21, 1995 |
After an initial public stock offering, many stocks nose-dive as investors' expectations early on are deflated. Not so with Eltron International Inc., a Chatsworth maker of bar-code printers. In the year since Eltron went public at $6 a share, its stock has more than tripled to about $22. The company might not be sexy--Eltron's printers are desktop metal boxes that spit out bar-code labels--but its appeal is obvious in its numbers: In the nine months ended Sept. 30, Eltron's profit hit $1.