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WPCS International, Inc. NASDAQ CM: WPCS The undersigned served as exclusive financial advisor to WPCS International, Inc.
The Client Focuses on the implementation requirements of communications infrastructure worldwide. The company provides its engineering capabilities, including wireless communication, specialty construction, and electrical power to the public services, healthcare, energy, and corporate enterprise markets worldwide.
The Mandate Following an unsolicited hostile bid, National was asked by the Company’s Board of Directors to examine the contemplated transaction and opine as to the fairness, from a financial perspective to the Company’s non-affiliated shareholders, as to the contemplated consideration to be paid.
The Solution Following the delivery of the fairness opinion to the Special Committee of the Board of Directors of WPCS, the Company was able to act decisively and reject the offer, content in the knowledge that they were acting in the best interest of their non-affiliated shareholders.