NetLogic Acquiring Optichron For $77 Million

Posted Mar 22, 2011

NetLogic Microsystems, Inc. (NASDAQ:NETL) is acquiring fabless semiconductor provider Optichron for $77 million in initial cash. Optichron developed advanced processors that supports wider signal bandwidth and spectrum maximization. NetLogic will make milestone payments of up to an additional $108.5 million in cash to Optichron shareholders by March 2013 and an additional $12.5 million in stock to Optichron employees. NetLogicl will also assume around $22 million of restricted stock units for Optichron employees who will join NetLogic after the deal closes. [Reuters]