Monday, March 2, 2015
Pulse Electronics Acquired By Oaktree
San Diego-based Pulse Electronics said today that it is an agreement to be acquired by affiliates of Oaktree Capital Management. According to Pulse, Oaktree will invest $17.0M in Pulse, and pay $1.50 per share in cash for the publicly outstanding shares of Pulse, taking the company private. The new company will continue to be led by CEO Mark Twaalhoven. The take private deal comes seven months after Pulse pulled its stock from the New York Stock Exchange, on the verge of delisting, after its market cap dropped below $50M. Pulse is a provider of electronic components.