Yesterday, wireless broadband company Alvarion and interWAVE Communications International announced that they had entered into a definitive agreement for Alvarion to acquire interWAVE for $5.75 per share in an all-cash transaction valued at approximately $56 million. This is some 17% more than interWAVE’s market cap of $47.72 million at the end of trading on Nasdaq yesterday.
Via [globes.co.il]
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