Micrel Completes Acquisition of Kendin Communications

June 03, 2001 by Jeff Shepard

Micrel Inc. (San Jose, CA) announced that it has completed its acquisition of Kendin Communications Inc. (Sunnyvale, CA). Kendin was acquired in a stock-for-stock transaction, intended to be tax-deferred and accounted for as a pooling-of-interests.

Under the terms of the agreement, Micrel issued approximately 6.1 million shares of its common stock in exchange for all outstanding Kendin securities and options to purchase Kendin securities.