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 Terayon Communication Systems (TERN) to acquire Mainsail Networks

 

   *  Amount:         $160 million

 

   *  Terms:            3.2 million shares
 

   *  Premium:        n/a

 

   *  Industry:        Speed/Bandwidth

 

   *  Scorecard:      B+

 


    SANTA CLARA, Aug. 1--Terayon Communication Systems , a supplier of broadband network systems, announced a definitive agreement to acquire Mainsail Networks for 3.2 million shares of Terayon common stock. Based in Fremont, California, Mainsail Networks is a privately held company that designs, develops and markets, adding to Terayon's broadband portfolio, representing its expansion in the access infrastructure and optical transport markets.

     

 



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