Motorola to buy Netopia in US$208m deal
by sashwa 04:32PM Wednesday Nov 15 2006
By Staff Writers, Reuters
NEW YORK (Reuters) - Mobile phone maker Motorola on Tuesday said it had agreed to buy broadband home network equipment provider Netopia in a deal with a total equity value of about US$208 million.
Motorola said it will pay US$7 a share for all of Netopia's outstanding shares in a deal it expects to be neutral to earnings per share in the first year after closing, excluding certain noncash charges.
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