BIO-key Responds to L-1's ComnetiX Proposal

Biometrics firm raises its counter-offer for Comnetix acquisition


The battle over ComnetiX still rages. L-1, which has controlling ownership of Viisage and Identix, made a definitive offer to acquire ComnetiX yesterday, and today biometrics firm BIO-key is responding.

L-1 offered to acquire Comnetix at $1.05 per share, to be paid in cash. BIO-Key is now offering slightly more ($1.29 per share), though the payment would be made in trade for BIO-key shares, rather than cash.

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L-1 Identity Solutions Increases Cash Offer for ComnetiX