Tech Company M&A Transactions
Southland Micro Systems Acquisition
Southland Micro Systems, operating out of Irvine, was acquired by Staktek Holdings. Staktek Holdings said the transaction price was $23 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/21/2007
Transaction Type
M&A
Amount
$23,000,000
M&A Terms
As consideration for the transaction, the definitive agreement provides that Staktek will pay stockholders of Southland $18 million in cash at closing and will assume approximately $5 million in debt. In addition, during the two-year period following closing, Southland stockholders will be entitled to receive additional consideration of $7 million in cash or shares of Staktek common stock, should certain financial growth goals be achieved.
Company Information
Company Status
Acquired or Merged
Industry
Electronics
Mailing Address
9400 Toledo Way
Irvine, CA 92618
USA
Irvine, CA 92618
USA
Phone
Website
Email Address
Overview
Southland Micro Systems has been engineering memory solutions since 1987. Our quality products and services establish Southland as an ideal partner for leading technology companies throughout the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Meehan
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