After getting a revised offer from a private equity firm, Netro Corp. has signed on Goldman Sachs to review strategic alternatives for the company. More than two weeks ago, jilted bidder Wyndcrest Partners LLC. submitted a $4.13-per-share, or $158.5 million, offer for the San Jose, Calif.-based wireless broadband solutions provider. The proposal also includes a reserve amount to close down Netro’s operations and arrange a sale, or preservation, of the company’s technology. Additionally, shareholders receieve a 25% stake in the newly structured company.
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