Semiconductor firm Conexant Systems Inc. said it has completed its previously announced acquisition of software developer NetPlane Systems Inc. for stock.
NetPlane, based in Dedham, Mass., will operate as a wholly owned subsidiary of Newport Beach-based Conexant.
When the deal was announced in July, Conexant said it would acquire NetPlane for 2.7 million shares of stock. The deal would be worth more than $105.6 million, based on the Monday price of Conexant's shares, which closed at $39.13, off $2.75, in Nasdaq trading.
