Tech Company M&A Transactions
Modem-Art Acquisition
Modem-Art, based in Undisclosed, was purchased by Agere Systems. The transaction price was $145.1 million.
Transaction Overview
Company Name
Acquired By
Announced On
3/8/2005
Transaction Type
M&A
Amount
$145,100,000
M&A Terms
Agere will pay $30.5 million in cash and will issue approximately 70.3 million shares of its Class A common stock in the acquisition, valued at about $114.6 million based on the closing price of $1.63 for Agere Class A common stock on March 7, 2005.
Company Information
Company Status
Acquired or Merged
Industry
Telecom
Mailing Address
Undisclosed
Undisclosed, 0
Israel
Undisclosed, 0
Israel
Phone
Undisclosed
Email Address
Not Recorded
Overview
Modem-Art specializes in developing technology for wideband and broadband communications systems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Shlomo Gadot
Browse more venture capital transactions:
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