Adaptec, Inc. Acquires Aristos Logic for $41,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fd6085df-f9af-4df5-a2f0-cd36357e87e3&Preview=1 -
Date
8/28/2008 -
Company Name
Aristos Logic -
Mailing Address
27051 Towne Centre Drive Foothill Ranch, CA 92610 -
Company Description
Aristos Logic is the industry leader in RAID Storage Processor (RSPTM) technology. -
Website
http://www.aristoslogic.com -
Transaction Type
M&A -
Transaction Amount
$41,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
Adaptec Inc. (Nasdaq: ADPT) todayannounced it has signed a definitive agreement to acquire privately-held Aristos Logic Corporation(http://www.aristoslogic.com), a provider of industry-leading RAID solutions, in a cash transaction for a total consideration ofapproximately $41.0 million.
