Tallwood Backs Ikanos Purchase of Conextant Broadband Access Unit
Ikanos Communications (Nasdaq: IKAN) has agreed to acquire the Broadband Access product line of Conexant Systems (Nasdaq: CNXT), for $54 million in cash and the assumption of certain liabilities. Tallwood Venture Capital is helping to finance the deal, via a $42 million purchase of Ikanos common stock at $1.75 per share. Tallwood also will receive warrants to buy an additional 7.8 million Ikanos shares.
22 April 2009•5 mins read
