Terayon Communication Systems (fka TERN)

[midastouch017]

Motorola to Acquire Terayon Communication Systems
Monday April 23, 8:00 am ET


Transaction Strengthens Motorola's Capabilities in the Delivery of an
End-To-End Next Generation Digital Video Solution
SCHAUMBURG, Ill. and SANTA CLARA, Calif., April 23 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE: MOT - News) and Terayon Communication Systems, Inc. (Pink Sheets: TERN.PK - News) today announced that the two companies have signed a definitive merger agreement, under which Motorola will acquire all of the outstanding shares of Terayon's common stock for $1.80 per share in cash. The transaction will have a total equity value of approximately $140 million on a fully-diluted basis.

http://biz.yahoo.com/prnews/070423/nem050.html?.v=4