Vecima Networks proposes to acquire the assets of Casa Systems' Cable business for $20 million

seekingalpha04-03

Vecima Networks (OTCPK:VNWTF) has entered into an asset purchase agreement to acquire all the assets of Cable Business of Casa Systems, Inc. (NASDAQ:CASA) and certain of Casa’s subsidiaries for a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2424485814?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1751985252/image_1751985252.jpg","is_english":true,"pubTime":"2024-04-03 20:04","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2424485814","market":"hk","top_or_hot":-1,"title":"Vecima Networks proposes to acquire the assets of Casa Systems' Cable business for $20 million","media":"seekingalpha","content":"<div>\n<p>Vecima Networks (OTCPK:VNWTF) has entered into an asset purchase agreement to acquire all the assets of Cable Business of Casa Systems, Inc. (NASDAQ:CASA) and certain of Casa’s subsidiaries for a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4086696-vecima-networks-proposes-to-acquire-the-assets-of-casa-systems-cable-business-for-20-million\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vecima Networks proposes to acquire the assets of Casa Systems' Cable business for $20 million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVecima Networks proposes to acquire the assets of Casa Systems' Cable business for $20 million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-03 20:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4086696-vecima-networks-proposes-to-acquire-the-assets-of-casa-systems-cable-business-for-20-million><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vecima Networks (OTCPK:VNWTF) has entered into an asset purchase agreement to acquire all the assets of Cable Business of Casa Systems, Inc. (NASDAQ:CASA) and certain of Casa’s subsidiaries for a ...</p>\n\n<a href=\"https://seekingalpha.com/news/4086696-vecima-networks-proposes-to-acquire-the-assets-of-casa-systems-cable-business-for-20-million\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6071","symbol_name":"经销商","start_time":0,"source_url":"https://seekingalpha.com/news/4086696-vecima-networks-proposes-to-acquire-the-assets-of-casa-systems-cable-business-for-20-million","article_id":"2424485814","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1751985252/image_1751985252.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424485814","pubTimestamp":1712145842,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Vecima Networks  has entered into an asset purchase agreement to acquire all the assets of Cable Business of Casa Systems, Inc.  and certain of Casa’s subsidiaries for a purchase price of $20 million. Casa and its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Casa is seeking approval of Vecima as a \"stalking horse\" bidder for the Cable Business assets under Section 363 of the Bankruptcy Code. The closing of the deal is expected in June 2024, subject to bankruptcy court approval and closing conditions.   More on Casa Systems, Vecima Networks:  Casa Systems initiates chapter 11 sale process for businesses Seeking Alpha’s Quant Rating on Casa Systems Historical earnings data for Casa Systems Historical earnings data for Vecima Networks","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6071":"经销商","BK6505":"周期性消费品与消费者服务","BK4020":"通信设备","VNWTF":"Vecima Networks Inc.","C04.SI":"家善控股"},"translate_title":"Vecima Networks提议以2000万美元收购Casa Systems有线电视业务的资产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C04.SI":1,"CASA":1,"VNWTF":1},"content_text":"Vecima Networks (OTCPK:VNWTF) has entered into an asset purchase agreement to acquire all the assets of Cable Business of Casa Systems, Inc. (NASDAQ:CASA) and certain of Casa’s subsidiaries for a purchase price of $20 million. Casa and its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Casa is seeking approval of Vecima as a \"stalking horse\" bidder for the Cable Business assets under Section 363 of the Bankruptcy Code. The closing of the deal is expected in June 2024, subject to bankruptcy court approval and closing conditions.   More on Casa Systems, Vecima Networks:  Casa Systems initiates chapter 11 sale process for businesses Seeking Alpha’s Quant Rating on Casa Systems Historical earnings data for Casa Systems Historical earnings data for Vecima Networks","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2424485814"}