Industrials, Technology | Corporate Finance Advisory, Mergers & Acquisitions

CIDCO, Inc. Acquired by EarthLink, Inc.

  • CIDCO, Inc. (NASDAQ: CDCO) is a provider of consumer email appliances and services
  • CIDCO was incurring substantial operating losses with limited cash resources, and retained TM Capital to pursue a sale transaction to maximize shareholder value
  • TM Capital marketed the company to a broad range of strategic and financial acquirors, and negotiated the sale of CIDCO to EarthLink, Inc. through a cash tender offer and merger
  • TM Capital also provided a fairness opinion to the Board of Directors of CIDCO regarding this transaction

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