Tech Company M&A Transactions
LVL7 Systems Acquisition
LVL7 Systems was acquired by Broadcom. The transaction was announced on 11/29/2006. Broadcom said the transaction price was $62 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/29/2006
Transaction Type
M&A
Amount
$62,000,000
M&A Terms
At closing of the acquisition, Broadcom expects to pay approximately
$62 million in cash to acquire outstanding shares of capital stock and
vested stock options of LVL7 and liquidate outstanding LVL7 debt. A portion
of the cash consideration payable to the stockholders will be placed into
escrow pursuant to the terms of the acquisition agreement.
Company Information
Company Status
Acquired or Merged
Industry
Communications
Mailing Address
100 Perimeter Park Drive H
Morrisville, NC 27560
USA
Morrisville, NC 27560
USA
Phone
Website
Email Address
Not Recorded
Overview
LVL7 Systems is revolutionizing the go-to-market model for providers of Ethernet and IP communication systems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Al Bender
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