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Ixia Acquiring Catapult Communications

Calabasas-based Ixia completed a cash tender offer for all of the outstanding shares of common stock of Mountain View, Calif.-based Catapult Communications Corporation. A total of 10,808,049 shares of Catapult were tendered and not withdrawn, which represents 95.6 percent of Catapult’s outstanding common stock. Ixia paid $9.25 per share. The company expects to complete the acquisition of Catapult via merger on or about June 23, 2009. The transaction is valued at approximately $105 million. Ixia is a provider of IP performance test systems and service verification platforms for IP-based infrastructure and services. Catapult is a supplier of advanced digital telecom test systems to global equipment manufacturers and service providers. As a result of the merger, Catapult will be a wholly owned subsidiary of Ixia. Each outstanding share of Catapult common stock will be converted into the right to receive $9.25 per share in cash without interest and less any applicable withholding taxes. Eric Billingsley

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