Planned Acquisition of Intellon Continues for Atheros (ATHR) Upon HSR Act Expiration
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Atheros Communications, Inc. (NASDAQ: ATHR) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for Atheros' planned acquisition of Intellon Corporation expired on October 26, 2009. Accordingly, the condition that any waiting period or clearance, consent or approval under the HSR Act shall have expired, been terminated or be obtained has been satisfied.
This transaction remains subject to approval by Intellon's stockholders, having an effective registration statement on Form S-4 with respect to the Atheros common stock to be issued in connection with this transaction and various other customary closing conditions. Atheros continues to expect that this transaction will close during the fourth fiscal quarter of 2009.
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