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Sonus to buy Network Equipment for about $41.3M

Associated Press Modified: June 19, 2012 at 9:45 am •  Published: June 19, 2012

The deal has been approved by the boards of both companies, but remains subject to Network Equipment shareholder approval and other customary closing conditions. It's expected to close in the third quarter.

Sonus, based in Westford, Mass., said it expects the acquisition to boost its revenue by $15 million to $20 million in the second half of fiscal 2012, depending on when the deal closes.

Sonus said if it reaps $15 million in second-half revenue from the deal, it expects the acquisition to reduce its second-half adjusted profit by about 1 cent per share. But if the revenue totals $20 million, Sonus said it expects the deal to either have no impact on, or slightly boost, its adjusted earnings