NETGEAR (NTGR) To Enhance Networking Solutions with $33.5M Acquisition of Westell (WSTL) Unit
Tweet
Share
E-mailGet Alerts NTGR Hot Sheet
Join SI Premium – FREE
NETGEAR, Inc. (Nasdaq: NTGR) enters a definitive agreement for the acquisition of the Customer Networking Solutions division of Westell Technologies, Inc. (Nasdaq: WSTL).
Under the agreement, NETGEAR will pay approximately $33.5 million in cash out of existing reserves for substantially all the assets of Westell's CNS division, with the exception of certain customer relationships which Westell will retain.
Under the agreement, NETGEAR will pay approximately $33.5 million in cash out of existing reserves for substantially all the assets of Westell's CNS division, with the exception of certain customer relationships which Westell will retain.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Paramount Global (PARA) and Skydance are closer to a merger - CNBC
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Bytedance Prefers Tiktok Shutdown In US If Legal Options Fail, Sources Say - Reuters
Create E-mail Alert Related Categories
Mergers and Acquisitions, Trading HaltsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
