Motorola to Acquire RiverDelta Networks
Motorola Inc. announced on Monday that it has entered into a definitive agreement to acquire RiverDelta Networks Inc., a provider of carrier-class broadband routing, switching, cable modem termination system (CMTS), and service management solutions, based in Tewksbury, Mass.
The transaction is valued at $300 million, subject to certain adjustments. According to the merger agreement, which is subject to various closing conditions, Motorola will acquire all of RiverDelta Networks' capital stock in exchange for shares of Motorola's common stock. The final exchange ratio will not be fixed until immediately prior to the closing and will be based on the average trading price of Motorola's common stock at that time.
Motorala will add RiverDelta's platform and technology to its existing IP infrastructure portfolio and hopes the new technology will further its IP data-over-cable (DOCSIS), Voice over Internet Protocol (VoIP) and IP streaming video plans.
For more information, visit www.motorola.com/broadband, or www.riverdelta.com.