The deal, expected to close in the third quarter of this year, is valued at $300 million plus "the assumption of approximately $23 million in unvested stock options," according to Citrix. The value comprises $135 million in cash and $165 million in stock. Citrix's share price closed Wednesday at $25.37, valuing the company at $4.3 billion.
Citrix estimates the acquisition will add between $5 million and $6 million in revenue in the quarter ending September 30, and between $10 million and $12 million in the final three months of this year.
Citrix also expects the deal to be dilutive to its earnings per share (EPS) in both quarters to the tune of between 2 and 3 cents on an adjusted basis. On a GAAP basis, it's likely to be dilutive by 6 cents or 7 cents in the third quarter, and by 5 cents to 6 cents in the fourth quarter.
Citrix also expects to record an expense charge of between $5 million and $6 million for in-process research and development in the third quarter.
In a prepared statement, Citrix CEO Mark Templeton stated the acquisition is part of the "strategy we outlined in early 2003 to expand into high-growth markets adjacent to the access infrastructure market through building and acquiring best of breed access infrastructure technologies."
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