A 42-year-old Australian networking equipment company is set to escape the corporate scrapheap after it was bought by a Nasdaq-listed minnow for $US7 million ($10.6 million).
NetComm, which created early Australian dial-up modems and now makes wireless networking devices, was bought off the ASX in 2019 for $161 million in cash by a US company called Casa Systems. At the time, some minority shareholders claimed the price was too low.
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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
