Alarm companies merge
Fire Credit: Lou Minutoli
Syosset-based Synergx Systems Inc. on Wednesday said it has gone private by merging with another company, FCI Merger Corp.
FCI Merger Corp., a subsidiary of Firecom Inc., of Woodside, Queens, reached an initial agreement with Synergx in January, Securities and Exchange Commission records show.
The move ends public trading of shares of Synergx, which designs, makes, sells and services audiovisual systems for fire and security alarms.
Synergx, formerly known as Firetector Inc., disclosed the news after stockholders approved the merger at a special meeting Wednesday morning. The transaction was completed after the meeting. Under its terms, stockholders of Synergx are entitled to receive $0.70 in cash for each share.
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