Ikanos: Qualcomm, Inc. Extends Tender Offer Deadline For Ikanos Purchase

Qualcomm, Inc. (NASDAQ:QCOM) has prompted its product arm, Qualcomm Atheros, to announce the extension of the expiration date of the tender offer for purchasing all the issued and remaining stock of Ikanos Communications for $2.75 per share. The company will now make the purchase through its wholly-owned subsidiary King Acquisition for a straight cash deal (without interest) set to expire at 5:00 pm (Eastern time) on September 28, 2015.