February 6, 2018 / 9:21 PM / 4 months ago

BRIEF-Netgear Announces Planned Separation Of Its Arlo Business

Feb 6 (Reuters) - Netgear Inc:

* NETGEAR® ANNOUNCES PLANNED SEPARATION OF ITS ARLO BUSINESS

* NETGEAR INC - EXPECTS ARLO TO ISSUE LESS THAN 20% OF ITS COMMON STOCK IN IPO, WITH NETGEAR TO RETAIN REMAINING INTEREST​

* NETGEAR INC - ‍BOARD OF DIRECTORS HAS UNANIMOUSLY APPROVED PURSUIT OF A SEPARATION OF ITS ARLO BUSINESS FROM NETGEAR​

* NETGEAR INC - ‍SEPARATION EXPECTED TO BE EFFECTED THROUGH AN IPO OF NEWLY ISSUED SHARES OF COMMON STOCK OF ARLO TECHNOLOGIES

* NETGEAR INC - EXPECTS ARLO TO CONFIDENTIALLY SUBMIT A DRAFT REGISTRATION STATEMENT WITH SEC IN FIRST HALF OF 2018​

* NETGEAR INC - ‍ARLO IPO EXPECTED TO BE COMPLETED IN SECOND HALF OF 2018​

* NETGEAR INC - ‍EXPECTS MATTHEW MCRAE TO SERVE AS ARLO’S CEO UPON COMPLETION OF IPO​ Source text for Eikon: Further company coverage:

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