SUNNYVALE, Calif.—Western Multiplex Corp. rejected the unsolicited offer made by DMC Stratex Networks Inc. last week to acquire Western Multiplex.
The board of directors reaffirmed its commitment to the pending merger with Proxim Inc. after meeting with financial and legal advisers.
Jonathan N. Zakin, chairman and chief executive officer of Western Multiplex, said the company believes in the long-term strategic and economic rationale for its merger-of-equals with Proxim.
“We remain convinced of the potential revenue enhancement opportunities that can be realized through cross-selling each other’s products, domestically and internationally, and from the introduction of new products in rapidly growing emerging markets, such as residential last mile access and integrated campus bridging with in-building distribution. In addition, as a result of the merger with Proxim, our stockholders will enjoy increased management depth and business scale, a broader combined technology and products portfolio, an expanded sales and distribution channel and reduced administrative expenses,” Zakin said.
