Intellon Corporation Stockholders Approve Merger with Atheros Communications, Inc.
December 11 2009 - 5:35PM
Business Wire
Intellon Corporation (Nasdaq: ITLN) today announced that at a
special meeting of stockholders held December 11, 2009, Intellon
stockholders voted to approve and adopt the definitive merger
agreement entered into with Atheros Communications, Inc.
(NASDAQ:ATHR) providing for Atheros to acquire Intellon in a stock
and cash transaction. The transaction was approved by more than 77%
of the shares outstanding and more than 99% of the shares voting on
the proposal. The transaction is expected to close as soon as
practicable following the satisfaction or waiver of all of the
conditions to closing.
About Intellon Corporation
Intellon (Nasdaq: ITLN) is a market leader in powerline
communications, providing HomePlug® compliant and other powerline
integrated circuits for home networking, networked entertainment,
BPL access, Ethernet-over-Coax (EoC), smart grid management and
other commercial applications. Intellon created and patented the
baseline technology for HomePlug 1.0, and is a major contributor to
the baseline technology for the 200-Mbps PHY-rate HomePlug AV
powerline standard and the draft IEEE P1901 powerline standard.
With more than 35 million HomePlug-based ICs sold, Intellon is the
market share leader in the HomePlug IC market. The Company was
founded in 1989 and is headquartered in Orlando, Florida, with
offices in Ocala, Florida, San Jose, California and Toronto,
Canada. For additional information, visit www.intellon.com.
Cautionary Note Regarding Forward-Looking Statements:
All statements included or incorporated by reference in this
release, other than statements or characterizations of historical
fact, are forward-looking statements. These forward-looking
statements include, but are not limited to, assertions regarding
Atheros’ proposed acquisition of Intellon, including the timing of
the closing of the merger. Actual future results could differ
materially from those anticipated as a result of certain risks and
uncertainties. These factors include, but are not limited to, the
risk that the transaction will not close or that the closing may be
delayed. In addition, please refer to the documents that Atheros
and Intellon file with the Securities and Exchange Commission on
Forms S-4, 10-K, 10-Q and 8-K. The filings by each of Atheros and
Intellon identify and address other important factors that could
cause actual results to differ materially from those contained in
the forward-looking statements set forth in this press release.
Atheros and Intellon are under no duty to update any of the
forward-looking statements after the date of this press release to
conform to actual results.
Important Additional Information and Where You Can Find
It.
In connection with the proposed transaction, Atheros filed a
registration statement on Form S-4 (the “Atheros Registration
Statement”) containing a proxy statement/prospectus and other
documents concerning the proposed acquisition with the Securities
and Exchange Commission (the “SEC”) and Intellon filed a definitive
proxy statement with the SEC (the “Intellon Proxy Statement”).
Investors and security holders are urged to read the Atheros
Registration Statement and Intellon Proxy Statement and other
relevant documents filed with the SEC regarding the proposed
transaction because they contain important information. Investors
and security holders may obtain a free copy of the Atheros
Registration Statement, Intellon Proxy Statement and other
documents filed by Atheros and Intellon with the SEC at the SEC’s
web site at www.sec.gov. The Atheros Registration Statement,
Intellon Proxy Statement and other documents filed with the SEC may
also be obtained for free by contacting Atheros Investor Relations
by e-mail at ir@atheros.com or by telephone at (408) 830-5672
or by contacting Intellon Investor Relations by e-mail at
suzanne@blueshirtgroup.com or by telephone at
(415) 217-7722.
Intellon and No New Wires are registered trademarks of Intellon
Corporation. HomePlug is a registered trademark of the HomePlug
Powerline Alliance, Inc. All other trademarks mentioned are the
property of their respective owners.
Intellon (MM) (NASDAQ:ITLN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intellon (MM) (NASDAQ:ITLN)
Historical Stock Chart
From Apr 2023 to Apr 2024