Electronic Equipment | Calabasas, CA | Corporate Acquisition
Keysight Technologies (NYSE: KEYS) has agreed to pay $19.65 per share in cash to acquire Ixia (NASDAQ: XXIA), representing a 38% premium to Ixia's unaffected 52-week high closing stock price for the period ended last December 1. The boards of both companies have unanimously approved the transaction, which is anticipated to close by November. Keysight is a provider of software and equipment for the electronics industry, while Ixia provides testing, IT and other tech services. Keysight's stock stayed static with the news, while Ixia's climbed about 7%.