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RIL acquires Radisys Corporation for $74 mn

RIL acquires Radisys Corporation for $74 mn

Mumbai (IANS) – Radisys Corporation, an open telecom solutions provider, and Reliance Industries Limited (RIL), have entered into a definitive agreement under which RIL will acquire Radisys for $1.72 per share in cash, a joint-statement said here on Saturday.According to sources, RIL picked up 100 per cent stake in Radisys for $74 million.Headquartered in Hillsboro,