Zhone Technologies / Paradyne Networks

Zhone Technologies, Inc., the first company dedicated solely to delivering the full spectrum of next-generation access infrastructure equipment, today announced that it will acquire Paradyne Networks, Inc., a leading provider of triple play broadband loop carriers (BLCs) and Ethernet access equipment.

Under the terms of the agreement, Zhone will issue 1.0972 shares of Zhone common stock for each outstanding share of Paradyne common stock, and each option, warrant and other security exercisable or convertible into Paradyne common stock will be assumed by Zhone and become exercisable or convertible into Zhone common stock, with appropriate adjustments based on the merger exchange ratio. Based on Zhone's closing price yesterday, the transaction is valued at $3.917 per Paradyne common share. On a fully-diluted basis, the current stockholders of Paradyne will own approximately 36.8% of the combined company and the current stockholders of Zhone will own approximately 63.2% of the combined company. The proposed stock-for-stock transaction is intended to qualify as tax-free to the stockholders of Paradyne.



At 7:01 PM, Blogger Ayoye said...

I would like to invite you to look at thesespetites announce automobile, for a way to reduce things found in our dump yards, any small action makes a bigger reactionpetites announce automobile, it's time to look at a way to reduce our waste

At 9:36 PM, Blogger Home Based Business said...

Incredible blog. I admired your site and I will be
back once again to view it! I use much of my spare
time searching for blogs like yours.
I know that you love my work so, look up my home based business opportunity seeker blog.


Enregistrer un commentaire

<< Home