April 8 (Reuters) - BSM Technologies Inc GPS.TO :
* BSM TECHNOLOGIES TO BE ACQUIRED BY GEOTAB FOR CASH CONSIDERATION OF CDN $1.40 PER SHARE
* BSM TECHNOLOGIES INC - TRANSACTION PROVIDES IMMEDIATE LIQUIDITY AND CERTAINTY OF VALUE TO BSM SHAREHOLDERS
* BSM TECHNOLOGIES- PURCHASE PRICE OF CDN $1.40 PER BSM SHARE REPRESENTS A TOTAL EQUITY VALUE, ON A FULLY-DILUTED BASIS, OF APPROXIMATELY CDN $117.3 MILLION
* BSM TECHNOLOGIES INC - ARRANGEMENT IS NOT CONDITIONAL ON GEOTAB OBTAINING FINANCING.
* BSM TECHNOLOGIES INC - BOARD OF DIRECTORS OF BSM ESTABLISHED A SPECIAL COMMITTEE TO ASSIST IN EVALUATION OF ARRANGEMENT.
* BSM TECHNOLOGIES - BSM AGREED TO PAY TERMINATION FEE OF CDN $3.5 MILLION TO GEOTAB IF ARRANGEMENT AGREEMENT IS TERMINATED IN CERTAIN CIRCUMSTANCES
* BSM TECHNOLOGIES INC - BSM HAS TERMINATED ITS AUTOMATIC SECURITIES REPURCHASE PLAN WITH PARADIGM CAPITAL INC., EFFECTIVE IMMEDIATELY