GigOptix Acquires Endwave for $23,660,000

  • Feed Type
  • Date
    2/8/2011
  • Company Name
    Endwave
  • Mailing Address
    130 Baytech Drive San Jose, CA 95134
  • Company Description
    Endwave Corporation designs, manufactures, and markets RF modules that enable the transmission, reception and processing of high-frequency signals in telecommunications networks, defense electronics and homeland security systems.
  • Website
    http://www.endwave.com
  • Transaction Type
    M&A
  • Transaction Amount
    $23,660,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the merger agreement, all outstanding shares of Endwave common stock, including those issuable upon settlement of outstanding restricted stock units, and outstanding in-the-money Endwave stock options, will be converted into shares of GigOptix common stock such that immediately after the merger, such shares represent approximately 42.5% of all outstanding GigOptix common stock. Based on the number of shares of Endwave and GigOptix common stock outstanding as of January 31, 2011, approximately 9.1 million shares of GigOptix common stock will be issued to holders of Endwave common stock, registered stock units and stock options.