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Subsequent Events
6 Months Ended
Dec. 28, 2013
Subsequent Events  
Subsequent Events

Note 19. Subsequent Events

 

Network Instruments

 

On January 6, 2014, the Company acquired Network Instruments, a privately-held leading developer of enterprise network and application-performance management solutions for global 2000 companies. The Company acquired Network Instruments for $200.0 million in cash, subject to working capital adjustments including holdback payments of approximately $20.0 million which are reserved for potential breaches of representations and warranties. The acquisition will be accounted for as a business combination in accordance with the authoritative guidance.

 

Due to the closing of this acquisition subsequent to the period end, the Company is currently determining the fair value of assets acquired and liabilities assumed necessary to develop the purchase price allocation. Therefore, disclosure of the purchase price allocation to the tangible and intangible assets acquired and liabilities assumed is not practicable.

 

Time-Bandwidth Products

 

On January 27, 2014, the Company acquired Time-Bandwidth Products, a privately-held provider of high powered and ultrafast lasers for the industrial and scientific markets. The Company acquired Time-Bandwidth Products for $15.0 million in cash, subject to a holdback payment of approximately $2.3 million which is reserved for potential breaches of representations and warranties. The acquisition will be accounted for as a business combination in accordance with the authoritative guidance.

 

Due to the closing of this acquisition subsequent to the period end, the Company is currently determining the fair value of assets acquired and liabilities assumed necessary to develop the purchase price allocation. Therefore, disclosure of the purchase price allocation to the tangible and intangible assets acquired and liabilities assumed is not practicable.