Mergers and Acquistions News
Categories: Semi-Conductors
June 23rd 2009, 16:30PM
Ixia has successfully completed a cash offer for all outstanding shares of common stock of Catapult Communications.
The acquisition is expected to be complete by means of a merger today (June 23rd), with Catapult to become a wholly owned subsidiary of Ixia following confirmation of the deal.
As part of the merger, outstanding shares of Catapult common stock will be converted into the right to receive $9.25 (£5.67) per share without interest.
Following the deal, Catapult common stock will no longer be traded on NASDAQ.
Ixia is a provider of IP performance test systems and service verification platforms, operating in more than 30 countries throughout the world.
Its offerings are used by customers in the telephony equipment and semiconductor manufacturing industries, as well as governments and service providers.
Catapult Communications also offers digital telecom test systems, with clients including Motorola, NEC, Nokia Siemens Networks and Alcatel-Lucent.
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