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Short Take: Unico to acquire Multiwave

Unico, a diversified technology company, announced today that it has entered into a Letter of Intent to acquire 100 percent of the outstanding stock of privately held Multiwave Innovation for common stock of Unico. Multiwave, based in Singapore, and with offices in China and the United States, develops and produces multimedia and communications solutions. Multiwave had revenues of $7.5 million for fiscal year 1997.

Unico, a diversified technology company, announced today that it has entered into a Letter of Intent to acquire 100 percent of the outstanding stock of privately held Multiwave Innovation for common stock of Unico. Multiwave, based in Singapore, and with offices in China and the United States, develops and produces multimedia and communications solutions. Multiwave had revenues of $7.5 million for fiscal year 1997.