Emerson to buy Stratos International

May 15, 2007
May 15, 2007 -- Emerson announced that it has reached an agreement for Stratos International, Inc. to become part of Emerson Network Power.

May 15, 2007 -- Emerson announced that it has reached an agreement for Stratos International, Inc. to become part of Emerson Network Power.

Emerson will acquire Stratos for $8 per common share in cash (for an aggregate consideration of approximately $85 million, net of acquired cash) pending customary regulatory approvals, approval by Stratos shareholders and satisfaction of other customary conditions. Emerson says the agreement broadens the scope of Network Power's offerings and strengthens the position of Emerson Connectivity Solutions in the $35 billion connector industry, particularly in the radio frequency (RF) sector.

"Stratos' Semflex and Trompeter brands are an excellent complement to our portfolio and expand our product capabilities in the RF connector space. Stratos also diversifies the end market exposure of Emerson's existing connectivity business, creating a stronger growth platform," says David N. Farr, Emerson chairman, chief executive officer and president.

"We are excited at the growth and profitability opportunities that will exist for Stratos as part of Emerson," adds Brian G. Mason, president of Emerson Connectivity Solutions. "Combining Stratos' RF, Microwave, and Optical portfolio with our existing connectivity products will allow Emerson to deliver a broad platform of solutions to our customers."

The merger agreement provides that Emerson can require a pre-closing cash dividend to be paid to Stratos shareholders. In the event this dividend is paid, the total consideration received by Stratos shareholders, i.e. purchase price plus pre-closing dividend, would still total $8 per share.

Sponsored Recommendations

Global support of Copper networks

May 29, 2024
CommScope designs, manufactures, installs and supports networks around the world. Take a look at CommScope’s copper operations, the products we support, our manufacturing locations...

Cat 6A: The Amazingly Versatile, Capable Twisted Pair Solution

May 29, 2024
While its impossible to truly future-proof a network against challenges that dont yet exist enterprise networks can tilt the odds in their favor as they adapt to new application...

Cat 6A Frequently Asked Questions

April 29, 2024
At CommScope we know about network change and the importance of getting it right. Conclusion Category 6A cabling and connectivity.

Revolutionize Your Network with Propel Fiber Modules

Oct. 24, 2023
Four sizes of interchangeable Propel fiber modules provide the breadth of capabilities for virtually any configuration.