Keysight Technologies, Inc. (NYSE: KEYS) and Ixia (NASDAQ: XXIA) have confirmed media reports that the former will acquire the latter. Keysight will buy its fellow test and measurement instrument maker in an all-cash deal worth approximately $1.6 billion, net of cash. Both company boards have approved the agreement, which they expect will close no later than the end of October 2017, subject to customary closing conditions and approvals, including approval by Ixia’s shareholders.
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