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Short: SBS acquires Bit 3's common stock

SBS Technologies announced a definitive agreement to acquire the outstanding common stock of Bit 3 Computer for $24 million. An initial cash payment of $20 million to Bit 3 will be funded by an offering of SBS common stock. Bit 3 manufacturers computer networking and interconnection hardware; SBS designs and manufactures embedded CPU products.

SBS Technologies announced a definitive agreement to acquire the outstanding common stock of Bit 3 Computer for $24 million. An initial cash payment of $20 million to Bit 3 will be funded by an offering of SBS common stock. Bit 3 manufacturers computer networking and interconnection hardware; SBS designs and manufactures embedded CPU products.