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Singapore Technologies to Buy Nera Telecom for S$141 Million

Singapore Technologies Engineering Ltd.’s electronics unit will buy Nera Telecommunications Ltd. for S$141.1 million ($111.8 million).

Nera, a provider of telecommunication and Internet services, will be delisted from the Singapore Stock Exchange, the companies said in a statement yesterday. Shareholders of Nera will also receive S$21.7 million from the purchased company as a cash dividend, according to the statement.

The shares of both companies were halted for trading yesterday.

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