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MaxLinear acquires Entropic for USD 287 mln

2015-02-04 08:40:00| Telecompaper Headlines

(Telecompaper) MaxLinear has signed an agreement to acquire Entropic Communications, a provider of semiconductor products for the connected home, for an estimated USD 287 million. The boards of directors of both companies have approved the deal. Entropic shareholders will receive USD 1.20 per share in cash and 0.2200 shares of MaxLinear shares for each Entropic share outstanding. Based on MaxLinear's closing stock price on 2 February, the deal is valued at USD 3.01 per Entropic share, with an implied enterprise value of USD 181 million, net of Entropic's cash balance as of end December. When the deal closes, shareholders of MaxLinear and Entropic will own 65 percent and 35 percent of the merged company. MaxLinear expects the deal to be non-GAAP earnings accretion in the first full quarter post-close. After the close, Entropic interim CEO Ted Tewksbury will join the MaxLinear board of directors. The company anticipates operating synergies of over USD 20 million in the first full calendar year post-close. Increased scale and projected cost savings are expected to lower combined non-GAAP operating expenses, generate significant operating margin expansion, and accelerate MaxLinear's timing to achieving its stated target operating model.

Tags: usd acquires mln entropic

 

Maxcess acquires Fives North American Guiding

2015-02-04 06:00:00| Label and Narrow Web Breaking News

Fives North American Guiding has more than 50 years experience working in the web handling industry.

Tags: north american north american guiding

 
 

Multi-Color acquires Irish healthcare label specialist

2015-02-04 06:00:00| Label and Narrow Web Breaking News

New Era, based near Dublin, has annual revenues of approximately $14 million.

Tags: label specialist healthcare irish

 

Magna acquires business units of Philips & Lite-On Digital Solutions

2015-02-04 03:22:34| Canadian Plastics Headlines

In a move designed to strengthen its electronics engineering capabilities in Europe, automotive parts supplier Magna International Inc. has acquired the head-up display and electronic components business units of Philips & Lite-On Digital Solutions (PLDS) in Wetzlar, Germany, as well… The post Magna acquires business units of Philips & Lite-On Digital Solutions appeared first on Canadian Plastics.

Tags: business digital solutions units

 

Intel Acquires German Home Networking Firm Lantiq

2015-02-04 02:02:53| PC Magazine Wireless Networking Product Guide

Intel this week announced its acquisition of German home networking supplier Lantiq for an undisclosed sum.

Tags: home firm german networking

 

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