Radiant Systems Inc. (RADS) announced that it agreed to acquire Quest Retail Technology.Under the terms of the deal, Radiant will acquire Quest in an all-cash transaction for about $54 million, subject to currency exchange rates at closing. The transaction will be funded through existing cash and an expanded debt facility. Radiant expects the acquisition to be accretive to 2008 earnings as adjusted to exclude amortization of intangible assets, and will provide updated guidance after the transaction has closed. The acquisition is expected to close in the first quarter of 2008.
For comments and feedback contact: editorial@rttnews.com
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.