SANTA ROSA, Calif. & CALABASAS, Calif.--(BUSINESS WIRE)--
Keysight Technologies, Inc. (NYSE: KEYS) and Ixia (Nasdaq: XXIA) today
announced that clearance under the antitrust laws of Russia for the
previously announced acquisition of Ixia by Keysight has been received,
which follows the early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, clearance under
the antitrust laws of Germany and Israel and approval of the acquisition
by Ixia’s shareholders. Subject to satisfaction of the remaining closing
conditions, the companies expect the closing of the acquisition to occur
on April 18, 2017.
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About Keysight Technologies
Keysight Technologies (NYSE: KEYS) helps customers bring breakthrough
electronic products and systems to market faster and at a lower cost.
Keysight’s solutions go where the electronic signal goes, from design
simulation, to prototype validation, to manufacturing test, to
optimization in the network. Customers span the worldwide communications
ecosystem, internet infrastructure, aerospace & defense, automotive,
semiconductor and general electronics end markets. More information is
available at www.keysight.com.
About Ixia
Ixia (Nasdaq: XXIA) provides testing, visibility, and security
solutions, strengthening applications across physical and virtual
networks for enterprises, service providers, and network equipment
manufactures. Ixia offers companies trusted environments in which to
develop, deploy, and operate. Customers worldwide rely on Ixia to verify
their designs, optimize their performance, and ensure protection of
their networks to make their applications stronger. Learn more at www.ixiacom.com.
Forward Looking Statements
This news release contains forward-looking statements as described in
the “safe harbor” provision of the Private Securities Litigation Reform
Act of 1995. These statements involve a number of known and unknown
risks, uncertainties, and other factors, which may cause actual results,
performance, or achievements to differ materially from anticipated
future results, performance or achievements expressed or implied by such
forward-looking statements. These forward-looking statements regarding
future events and the future results of the companies are based on
current expectations, estimates, forecasts, and projections about the
industries in which Keysight and Ixia operate and the beliefs and
assumptions of their respective management. The forward-looking
statements contained herein include, but are not limited to, information
regarding the ability of Keysight and Ixia to complete the transactions
contemplated by the merger agreement, including the satisfaction of the
conditions to the transactions set forth in the merger agreement; the
plans, strategies and objectives of management for future operations;
product development, product extensions, product integration,
complementary product offerings and growth opportunities in certain
business areas; and customer expectations. These forward-looking
statements involve risks and uncertainties that could cause results to
differ materially from management’s current expectations. Such risks and
uncertainties include, but are not limited to, the risks and
uncertainties incidental to the technology industry, including price and
product competition; dependence on new product development,
technological advances and innovation; changes in customer demand for
Keysight’s or Ixia’s products and services caused by demographic changes
or other factors; and the possibility that the anticipated synergies and
other benefits from the Ixia acquisition will not be realized, or will
not be realized within the expected time periods. In addition, other
risks that Keysight faces include those discussed under the heading
“Risk Factors” in Keysight’s Annual Report on Form 10-K for its fiscal
year ended Oct. 31, 2016, Keysight’s Quarterly Report on Form 10-Q for
the period ended Jan. 31, 2017. Other risks that Ixia faces include
those discussed under the heading “Risk Factors” in Ixia’s Annual Report
on Form 10-K for its fiscal year ended Dec. 31, 2016. Keysight and Ixia
undertake no responsibility to publicly update or revise any
forward-looking statements for any reason.
Source: IR-KEYS
View source version on businesswire.com: http://www.businesswire.com/news/home/20170413006182/en/
Source: Keysight Technologies, Inc.