Xperi, TiVo To Merge
Xperi Corporation (NASDAQ: XPER ) and TiVo Corporation (NASDAQ: TIVO ) announced Thursday an agreement to merge in an all-stock transaction. The combined business is valued at $3 billion. The merger agreement provides for a 0.455 fixed exchange ratio, which implies a 15% premium to TiVo's shareholders based on each of Xperi's and TiVo's 90-day volume-weighted average share prices. At close, Xperi shareholders will own 46.5% of the combined business, and TiVo shareholders will own approximately 53.5%. "This landmark combination brings … Full story available on Benzinga.com
Xperi, TiVo To Merge
Xperi Corporation (NASDAQ: XPER ) and TiVo Corporation (NASDAQ: TIVO ) announced Thursday an agreement to merge in an all-stock transaction. The combined business is valued at $3 billion. The merger agreement provides for a 0.455 fixed exchange ratio, which implies a 15% premium to TiVo's shareholders based on each of Xperi's and TiVo's 90-day volume-weighted average share prices. At close, Xperi shareholders will own 46.5% of the combined business, and TiVo shareholders will own approximately 53.5%. "This landmark combination brings … Full story available on Benzinga.com