July 30 (Reuters) - BSM Technologies Inc GPS.V :
* Bsm Technologies and Webtech Wireless to merge
* Transaction's combined transaction equity value of approximately $85 million.
* BSM will acquire all of the outstanding Webtech common shares for $0.52 in
cash plus 2.136 BSM common shares
* Upon completion of proposed transaction, existing BSM and Webtech
shareholders will own about 51% and 49% of combined company
* Executive management team of combined co will continue to be led by current
BSM president and chief executive officer, aly rahemtulla
* Louis de jong will continue as the chief financial officer of combined co
* Source text for Eikon ID:nCNWZTh0ya
* Further company coverage GPS.V