Monday, January 30, 2017

Keysight Acquires Ixia For $1.6 Billion

Santa Rosa-based Keysight Technologies said on Monday that it would pay $1.6 billion in cash for Ixia, a developer of network testing software and hardware. Keysight is paying $19.65 per share in cash for Ixia, which it said is a premium of approximately 45 percent to Ixia's stock price on December 1st, when Ixia said it was considering "strategic alternatives". Ixia was advised by Deutsche Bank and Bryan Cave LLP in the deal; Keysight was advised by Goldman, Sachs & Co., and Clearly Gottlieb Steen & Hamilton LLP.