Tuesday, June 23, 2009
Ixia Completes Offer For Catapult Communications
Calabasas-based Ixia announced this morning that the firm has successfully completed its tender offer for Catapult Communications Corporation. According to the firm, 95.6 percent of outstanding Catapult common stock was tendered to the firm as part of its acquisition of Catapult, which was announced on May 11th. The deal is worth approximately $105M. Catapult Communications is a developer of 3G and 4G test systems for the telecom market; Ixia develops test hardware and software for the networking and other markets.