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News Breaks | | | | February 19, 2013 | | 07:39 EDT |  | HLIT | Harmonic to sell Cable Access business to Aurora Networks for $46M in cash
Harmonic has reached an agreement to sell its Cable Access business to Aurora Networks, Inc. for $46M in cash. The transaction is subject to customary closing conditions and is expected to be completed by the end of 1Q13. In addition, consistent with ongoing efforts to review its capital structure and to deliver value to all its stockholders, Harmonic's Board of Directors has approved an increase to its current share repurchase program to include the net, after-tax cash proceeds from this transaction of approximately $35M, contingent upon its closing. | |
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News For HLIT From The Last 14 Days Check below for free stories on HLIT the last two weeks. |
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| May 15, 2013 | | 09:32 EDT |  | HLIT | Harmonic initiated with a Buy at Sidoti
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