Ixia's $9.25-per-share tender offer for Catapult Communications ends

By Lisa Kerner

Charlotte, N.C., June 23 - Ixia said it accepted 10,808,049 shares, or 95.6%, of the outstanding common stock of Catapult Communications Corp. in its $9.25-per-share cash tender offer that ended on Monday.

The total number of shares includes 83,927 shares tendered by notice of guaranteed delivery, an Ixia news release said.

Ixia expected to complete its acquisition of Catapult via a short-form merger on or about Tuesday.

Once the merger is complete, Catapult will become a wholly owned subsidiary of Ixia and its shares will cease trading on Nasdaq.

As previously reported, Ixia agreed to acquire Catapult for approximately $105 million, or $63 million net of Catapult's cash and investments.

Based in Calabasas, Calif., Ixia provides test systems for IP-based infrastructure and services.

Catapult, located in Mountain View, Calif., develops and supports software-based test systems for the telecommunications industry.

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