Extreme Networks agrees to acquire Ipanematech from InfoVista for EUR 60 million

EXTREME NETWORKS INC

Put Option Agreement with InfoVista SAS for acquisition of Ipanematech at EUR 60 million fixed price.
Closing contingent on completion of works council consultation; no other closing conditions.
Closing expected within five business days after SPA execution.
Extreme Ireland granted six-month exclusivity in consideration for its undertakings.

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