Market Overview

Sonus Networks to Acquire Performance Technologies for $3.75/Share in Cash

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Sonus
Networks, Inc. (NASDAQ: SONS), a global
leader in SIP communications, and Performance Technologies, Inc.
(NASDAQ: PTIX), a global supplier of advanced, high availability network
communications solutions, today announced that they have entered into a
definitive merger agreement under which Sonus will acquire PT for $3.75
per share in cash, or approximately $30 million, net of PT's cash and
excluding acquisition-related costs.

The acquisition of PT enables Sonus to expand and diversify its
portfolio with an integrated, virtualized Diameter and SIP-based
solution and deliver strategic value to service providers seeking to
offer new multimedia services through mobile, Cloud-based, real-time
communications. PT's premier suite of IP-centric SEGway signaling

See full press release

Posted-In: M&A News Guidance Global

 

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