Ceragon Networks Enters Definitive Agreement To Acquire Siklu For An Enterprise Value Of $13-15M
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks has entered into a definitive agreement to acquire Siklu, a provider of multi-Gigabit wireless fiber connectivity, for an enterprise value of $13-15M. Ceragon will issue approximately 1.5 million ordinary shares to Siklu's shareholders and is expected to assume financial liabilities of approximately $10-12 million. The transaction is anticipated to be accretive to non-GAAP earnings by the second half of 2024.
October 24, 2023 | 10:11 am
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Ceragon Networks is acquiring Siklu for $13-15M. The deal involves issuing 1.5M shares and assuming $10-12M liabilities. The transaction is expected to be accretive to non-GAAP earnings by H2 2024.
The acquisition of Siklu by Ceragon Networks is a significant event for the company. The issuance of 1.5M shares and the assumption of $10-12M liabilities could impact the company's financials in the short term. However, the deal is expected to be accretive to non-GAAP earnings by the second half of 2024, which could have a positive impact on the company's stock in the long term.
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