Ikanos Communications (IKAN) Posts Q2 Loss of 72c/Share
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Qualcomm (QCOM) to Acquire Ikanos (IKAN) for $2.75/Share
August 6, 2015 7:31 AM EDTQualcomm (NASDAQ: QCOM) announced that its subsidiary, Qualcomm Atheros, Inc., has entered into a definitive merger agreement to acquire Ikanos Communications, Inc. (NASDAQ: IKAN), a high performance broadband networking semiconductor and software provider enabling both central office and home gateway solutions. Pursuant to the agreement, Qualcomm Atheros, through a wholly-owned subsidiary, will commence a tender offer to acquire all of the issued and outstanding shares of common stock of Ikanos for $2.75 per share in cash, and assume all outstanding indebtedness at the closing of the transaction.
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Ikanos Communications (IKAN) halted with news pending
August 6, 2015 7:25 AM EDTIkanos Communications (NASDAQ: IKAN) trading halted with news pending.
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