Ixia shareholders approve of $1.6B Keysight buyout

|About: Ixia (XXIA)|By:, SA News Editor

In a special meeting today, shareholders of Ixia (XXIA +0.1%) approved the firm's $1.6B buyout by Keysight Technologies.

Shareholders signed off on the all-cash deal with about 82.8% of outstanding shares in favor.

They'll receive $19.65/share in the deal, with closing expected as early as later this month. The transaction already received early termination of its Hart-Scott-Rodino waiting period, and clearance under antitrust laws of Germany and Israel.

Shares are up 16.6% YTD largely because of a move up following the Jan. 30 deal announcement.