Transactions
Oct. 30, 2001
Wachtell Lipton: PAIR OF DSL PROVIDERS TEAM UP WITH MERGER OF EQUALS
Santa Clara's Virata Corp. and Globespan Inc. of Red Bank, N.J. have agreed to a merger. The stock-for-stock transaction is valued at $1.3 billion.
The deal should close in three to six months.
Globespan focuses its business on Digital Subscriber Line technology. It makes hardware and software that allows for high-speed tra...
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