12:18 PM EST - Sirit Inc. : said it has signed a definitive agreement with Federal Signal Corp. to acquire all of the issued and outstanding common shares of Sirit, for a cash consideration of $0.30 per share by way of a court approved plan of arrangement under the Business Corporations Act. The transaction has a total equity value of around $49.5 million or $48.0 million U.S. The $0.30 per-share cash purchase price represents a premium of 37% over Sirit's 30-day average closing stock price, and a premium of 60% over Sirit's 60-day average closing stock price. Sirit Inc.
shares T.SI are trading up $0.04 at $0.30.
