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Mergers & Acquisitions

Apr. 22, 2003

SR Telecom Agrees to Netro Acquisition

Canadian company SR Telecom Inc., which supplies equipment to the telecommunications industry, has agreed to buy Netro Corp. for $121 million in cash and stock.

By Toni Vranjes
        Canadian company SR Telecom Inc., which supplies equipment to the telecommunications industry, has agreed to buy Netro Corp. for $121 million in cash and stock.
        Menlo Park partner Frank Currie of Davis Polk & Wardwell is advising San Jose-based Netro. The legal adviser to SR Telecom is New York partner Ronald Fleming...

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