Atheros To Acquire Intellon For $244M

Law360, New York (September 8, 2009, 6:25 PM EDT) -- Wireless and networking chip maker Atheros Communications Inc. has entered into a definitive agreement to acquire power line communications leader Intellon Corp. in a stock and cash transaction valued at an estimated $244 million, the companies said Tuesday.

The companies' estimate for the value of the deal includes $181 million net of Intellon’s cash, cash equivalents and short-term investments as of June 30.

Atheros said it expects to issue about 4.2 million to 5.1 million common shares and equivalents, providing an overall value of $7.30 per...
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