HILLSBORO, Ore.–(BUSINESS WIRE)–Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom
solutions, today announced that the Committee on Foreign Investment in
the United States (CFIUS) completed its review of the planned
acquisition of the Company by Reliance Industries (RIL).
CFIUS clearance was the final governmental approval condition to closing
the merger. With shareholder approval previously received on September
5, 2018, subject to the satisfaction or waiver of the remaining
customary closing conditions, the parties expect to consummate the
merger on December 7, 2018 or on such other date as the parties mutually
agree. Upon the completion of the proposed transaction, Radisys
shareholders will be entitled to receive $1.72 in cash per share,
subject to the terms of the definitive merger agreement, and Radisys’
common stock will no longer be publicly traded and will be delisted from
the NASDAQ Global Select Market.
Radisys (NASDAQ: RSYS), a global leader in open telecom solutions,
enables service providers to drive disruption with new open architecture
business models. Radisys’ innovative disaggregated and virtualized
enabling technology solutions leverage open reference architectures and
standards, combined with open software and hardware to power business
transformation for the telecom industry, while its world-class services
organization delivers systems integration expertise necessary to solve
communications and content providers’ complex deployment challenges. For
more information, visit www.Radisys.com.