Tech Company M&A Transactions
Multilink Technology Acquisition
Multilink Technology, based in Somerset, was purchased by Vitesse Semiconductor. Vitesse Semiconductor said the transaction price was $22.9 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/21/2003
Transaction Type
M&A
Amount
$22,900,000
M&A Terms
Vitesse Semiconductor Corporation (Nasdaq:VTSS) ("Vitesse" or the "Company") today announced a definitive agreement to acquire all of the outstanding equity interests of Multilink Technology Corporation (Nasdaq:MLTC) ("Multilink") for approximately 4.2 million shares of Vitesse common stock. Under the terms of the agreement, each outstanding share of Multilink common stock will be exchanged for 0.5493 shares of Vitesse common stock. Based on the closing price of Vitesse common stock on Friday, June 6, the deal is valued at approximately $22.9 million.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
300 Atrium Dr 2nd Fl
Somerset, NJ 08873
USA
Somerset, NJ 08873
USA
Phone
Email Address
Not Recorded
Overview
Multilink Technology Corporation designs, develops and markets advanced-mixed-signal integrated circuits and VLSI products that enable the next generation of high-speed optical networking systems.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chairman
Richard Nottenburg
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We do our best to document all VC transactions involving tech companies. VC investment data records reported here are sourced from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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