Feb 13 (Reuters) - Gigpeak Inc GIG.A
* IDT to acquire Gigpeak for $3.08 per share
* Deal for approximately $250 million in cash
* Deal for $250 million in cash
* Says boards of directors of both Gigpeak and IDT have unanimously approved terms of merger agreement
* IDT will commence a tender offer to acquire all of issued and outstanding common stock of Gigpeak for $3.08 per share
* Acquisition is structured as an all-cash tender offer for all outstanding issued common stock of Gigpeak followed by a merger
* Gigpeak is expected to be delisted from NYSE market and integrated into IDT thereafter
* Says deal immediately accretive to earnings in first full quarter
* Boards of directors of both Gigpeak and IDT have unanimously approved terms of merger agreement Source text for Eikon: ID:nCCN5kTSJd Further company coverage: GIG.A