SUNNYVALE, Calif.—Western Multiplex Corp. said it received an unsolicited merger proposal from DMC Stratex Networks Inc. under which DMC proposed that Western Multiplex stockholders receive 0.5215 shares of DMC common stock for each share of Western Multiplex.
Western Multiplex said its board of directors will meet shortly to review the proposal.
Western Multiplex entered a merger agreement with Proxim Inc. Jan. 16, and any action taken with respect to the unsolicited proposal will be consistent with Western Multiplex’s obligations under the agreement with Proxim, Western Multiplex said.
Western Multiplex noted that last summer it held preliminary discussion with DMC Stratex, which were not pursued for strategic and financial reasons.
