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Subsequent Events
6 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events

Note 25 – Subsequent Events

Dividend Declaration

On January 29, 2015 we declared a cash dividend of $0.33 per share for the quarter ended December 31, 2014. The quarterly dividend will be paid on February 24, 2015 to each stockholder of record as of the close of business on February 9, 2015.

 

Agreement to Acquire Red Bend Ltd.

On January 22, 2015, we entered into an agreement to acquire all of the outstanding shares of Red Bend Ltd. (“Red Bend” or the “Red Bend Acquisition”), a provider of software management technology for connected devices, over-the-air software and firmware upgrading services, for a total purchase price of $170.0 million, consisting of approximately $99.0 million in shares of our common stock and $71.0 million in cash, subject to customary closing conditions, as defined in the purchase agreement. The Red Bend Acquisition is also subject to an earn-out of up to $30.0 million to be paid in fiscal year 2017 based upon the achievement of certain performance milestones. The Red Bend Acquisition is expected to close in fiscal year 2015, subject to customary closing conditions.

Agreement to Acquire Symphony Teleca Corporation

On January 22, 2015, we signed an agreement to acquire all of the outstanding shares of Symphony Teleca Corporation (“STC” or the “STC Acquisition”), a global software services company for an estimated base purchase price of $780.0 million (the “STC Purchase Price”), of which an estimated $548.0 million will be paid at closing consisting of $382.0 million in cash and $166.0 million in shares of our common stock, subject to customary closing conditions, as defined in the purchase agreement. The STC Acquisition is also subject to an earn-out which will be based upon the achievement of a calendar year 2015 revenue target. The remainder of the STC Purchase Price, including any additional earn-outs will be paid in cash in the third quarter of fiscal year 2016. The STC Acquisition is expected to close in fiscal year 2015, subject to regulatory approvals and other customary closing conditions.