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ATX Group announces its IPO terms

June 18, 2004

ATX Group, the largest independent provider of telematics services to automobile OEMs, announced its IPO terms on Friday. The company plans to offer 5mm shares between a pricing range of $14-$16 per share. ATX's product offerings include voice activated emergency and breakdown assistance, traffic and navigation information and automatic collision notification. JPMorgan is managing the offering with a pricing date yet to be announced.