Adaptive Broadband Jumps 25% on Takeover by Western Multiplex

Adaptive Broadband

(ADAP) - Get Report

was up 24.9% in preopen

Island

trading after announcing it would be acquired by

Western Multiplex

( WMUX), a maker of high-speed communications equipment. The $645 million stock deal values Adaptive Broadband at $17.15 per share.