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 Red Hat (RHAT) to acquire WireSpeed

 

   *  Amount:         $30 million

 

   *  Terms:            1.5 million shares
 

   *  Premium:        n/a

 

   *  Industry:        Performance software

 

   *  Scorecard:      B

 


    RESEARCH TRIANGLE PARK, June 14--Red Hat , the leader in open source Internet infrastructure solutions, announced that it has signed a definitive agreement to purchase privately-held WireSpeed Communications. Under the terms of the agreement, Red Hat will issue 1,531,232 shares of common stock in exchange for all of the outstanding securities of Huntsville, Alabama-based WireSpeed, which is a leading developer of network and telecommunications components for embedded systems software.

     

 



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