DE | 770419172 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Under the terms of the agreement, NETGEAR will pay $14.0 million in cash for CP Secure's assets. CP Secure may receive a total additional payout of up to $3.5 million in cash following closure of the acquisition if certain specified objectives are achieved. The acquisition is subject to various standard closing conditions and is expected to close in the fourth quarter of 2008.
A copy of the Purchase Agreement is attached hereto as Exhibit 2.1.
Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended
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NETGEAR, INC | ||||||||
Date: September 22, 2008 | By: | /s/ Albert Liu | ||||||
Albert Liu | ||||||||
VP, Corporate Development & Legal | ||||||||
Exhibit No. | Description | |
EX-2.1 | Asset Purchase Agreement, by and among CP Secure International Holding Limited, the stockholders thereof and NETGEAR, Inc. | |
EX-99.1 | Press Release, Dated September 22, 2008 |