Ixia Shareholders Approve Acquisition by Keysight Technologies
12 Aprile 2017 - 10:45PM
Business Wire
Ixia (NASDAQ:XXIA) announced that at its special meeting
of shareholders held on April 12, 2017, Ixia’s shareholders voted
to approve the acquisition of Ixia by Keysight Technologies, Inc.
("Keysight").
As previously announced on January 30, 2017, Ixia and Keysight
entered into a definitive agreement pursuant to which Keysight will
acquire Ixia by way of a merger of a wholly owned subsidiary of
Keysight with and into Ixia. At the special meeting, approximately
82.8% of Ixia's outstanding shares voted in favor of the agreement
and the principal terms of the merger.
Under the terms of the agreement, at the effective time of the
merger, Ixia shareholders will have the right to receive $19.65 per
share in cash. The closing of the merger, which is expected to
occur as early as the second half of April 2017, remains subject to
the satisfaction of certain customary closing conditions. The Ixia
shareholder approval follows the early termination of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as well as clearance under the antitrust laws of Germany and
Israel.
Safe Harbor under the Private Securities Litigation Reform
Act of 1995
Certain statements made in this press release may be deemed to
be forward-looking statements including, without limitation,
statements regarding the consummation of the transaction with
Keysight, including the anticipated timing of the closing. In some
cases, such forward-looking statements can be identified by words
such as "may," "will," "should," "could," "would," "expect,"
"plan," "anticipate," "believe," "estimate," "project," "predict,"
"potential," or the like. These statements reflect our current
views with respect to future events and are based on assumptions
and are subject to risks and uncertainties. These risks and
uncertainties, as well as other factors, may cause our future
results, performance, or achievements to be materially different
from those expressed or implied by such forward-looking statements.
Factors that could cause the actual results to differ materially
from those expressed or implied in such forward-looking statements
include, among others: the risk that the proposed transaction may
not be completed in a timely manner or at all; the risk that any
conditions to the completion of the transaction may not be
satisfied, including the risk that a remaining regulatory approval
required for the consummation of the transaction may not be
obtained on the terms expected or on the anticipated schedule; the
occurrence of any event, change, or other circumstances that could
give rise to the termination of the acquisition agreement; and
legislative, regulatory, and economic developments. The factors
that may cause future results to differ materially from our current
expectations also include, without limitation, the risks identified
in our Annual Report on Form 10-K for the year ended December 31,
2016 and in our other filings with the Securities and Exchange
Commission. We undertake no obligation to update any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
About Ixia
Ixia (NASDAQ:XXIA) provides testing, visibility, and security
solutions, strengthening applications across physical and virtual
networks for enterprises, service providers, and network equipment
manufactures. Ixia offers companies trusted environments in which
to develop, deploy, and operate. Customers worldwide rely on Ixia
to verify their designs, optimize their performance, and ensure
protection of their networks to make their applications stronger.
Learn more at www.ixiacom.com.
Ixia and the Ixia logo are trademarks or registered trademarks
of Ixia in the United States and other jurisdictions. All other
trademarks used herein are the property of their respective
owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20170412006182/en/
Financial Contact:The Blueshirt GroupMaria Riley,
415-217-7722Investor Relations
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