Internet test systems provider Ixia said Tuesday that it successfully completed its tender offer for Catapult Communications Corp., which offers similar products for the telecom industry, in a deal valued at $105 million.
More than 95 percent of outstanding Catapult common stock was tendered to the firm by the midnight June 22 deadline, said Ixia of Calabasas. Catapult shareholders will receive $9.25 per share in cash.
Mountain View-based Catapult is a developer of test systems for high-speed wireless 3G and 4G networks. Ixia develops test hardware and software for networking and other markets. The acquisition, which was announced last month, could close today, the company said, and Catapult will then become a wholly owned subsidiary.
Ixia shares were up 18 cents, or 3 percent, to $6.60 in midday trading on the Nasdaq.
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