Radisys shareholders approve sale to Reliance Industries

Shareholders of Hillsboro-based Radisys Corp. approved the company’s proposal to sell itself to Indian conglomerate Reliance Industries Ltd. The vote was 97 percent in favor of the deal. On July 2, the telecommunications technology maker announced it had agreed to sell to Reliance for $1.72 per share or roughly $67 million. The deal would make Radisys a part of Reliance Industries, the parent company of Reliance Jio, which is one of Radisys’ largest customers. The deal must still go through…

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Radisys shareholders approve sale to Reliance Industries

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