June 22, 2010 (FinancialWire) — EF Johnson Technologies, Inc. (NASDAQ: EFJI) said that it has entered into an amendment to its merger agreement with an affiliate of Francisco Partners. The new deal raises the deal’s value by more than 42%, or $.45 per share.

Under the terms of the amended merger agreement, an affiliate of Francisco Partners will acquire all of the outstanding shares of EF Johnson Technologies' common stock for $1.50 per share in cash.

This is an increase of over 42% over the $1.05 per share cash purchase price contemplated by the parties' original merger agreement previously reported on May 17.

EF Johnson Technologies' board has unanimously approved the amended merger agreement.  

In addition to increasing the cash purchase price, the amendment increases the termination fees payable under certain circumstances, increases the amount of allowable transaction expenses and amends certain representations and warranties contained in the merger agreement, according to EF Johnson.

Texas-based EF Johnson Technologies offers secure communications solutions to customers including first responders in public safety and public service, the federal government, and industrial organizations.

The company's products are marketed under the EFJohnson, 3e Technologies International, and Transcrypt International names.

California-based Francisco Partners is a technology-focused private equity fund.

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