Audiovox to buy Terk

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Peter Parker

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http://biz.yahoo.com/ap/041216/audiovox_terk_1.html

13.6 million plus a debenture based on future revenue targets. No details of that target were released. The deal is expected to close by year end.

It is estimated that Terk will have 2004 sales of about $50 million. Audiovox posted revenue of $1.32 billion for 2003.
 
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