MERGERS AND ACQUISITIONS

摘要

Ikanos Communications, a $44 million sales level supplier of advanced broadband semiconductor and software products for the connected home, has announced that Qualcomm Atheros, a subsidiary of Qualcomm, together with King Acquisition, a subsidiary of Qualcomm Atheros, have entered into an agreement and plan of merger with Ikanos. Under the terms of the merger agreement, Qualcomm Atheros, through King Acquisition, will launch a tender offer to acquire all issued and outstanding shares of Ikanos common stock for $2.75 per share in cash, and assume all outstanding indebtedness at the closing of the transaction. On completion of the offer, King Acquisition will merge with and into Ikanos, with Ikanos surviving as a subsidiary of Qualcomm Atheros.