Extreme Networks Commences Previously Announced Cash Tender Offer to Acquire Aerohive Networks
Summary
SAN JOSE, Calif., July 12, 2019 /PRNewswire/ -- Extreme Networks, Inc. ("Extreme";Nasdaq: EXTR) announced today that its wholly-owned subsidiary, Clover Merger Sub, Inc. ("Purchaser"), is commencing a cash tender offer to purchase all outstanding shares of common stock of Aerohive Networks, Inc. ("Aerohive";NYSE: HIVE) at an offer price of $4.45 per share. Credited with pioneering Controller-less Wi-Fi and Cloud Management, Aerohive delivers continuous innovation at Cloud-speed that constantly challenges the industry norm, allowing customers to rethink whats possible. Our innovations and global cloud footprint radically simplify Access Network operation for 30,000+ customers and 10+ million daily users. Neither Aerohive nor Extreme or its subsidiaries undertakes any intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Extreme undertakes no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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