National Instruments (NATI) to Acquire AWR Corp. in $58M Deal
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National Instruments (Nasdaq: NATI) has entered into an agreement for the acquisition of AWR Corporation.
The aggregate purchase price to be paid at closing is approximately $58 million, which includes $7 million in cash on the AWR balance sheet. In addition, the merger agreement contains an earn-out provision, which is payable over three years.
Closing is expected within 30 - 45 days.
ThinkEquity LLC acted as exclusive financial advisor to NI, and Needham and Company LLC acted as an exclusive financial advisor to AWR.
The aggregate purchase price to be paid at closing is approximately $58 million, which includes $7 million in cash on the AWR balance sheet. In addition, the merger agreement contains an earn-out provision, which is payable over three years.
Closing is expected within 30 - 45 days.
ThinkEquity LLC acted as exclusive financial advisor to NI, and Needham and Company LLC acted as an exclusive financial advisor to AWR.
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