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The Deal: Alvarion Ltd. has entered into a definitive agreement to acquire interWave Communications International Ltd. for $5.75 per share in cash. The deal requires approval from interWAVE shareholders. The deal has been approved by the boards of both companies and the board of interWAVE has unanimously agreed to recommend that the company's shareholders vote in favor of the transaction. The deal is expected to close by the end of the third quarter of 2004.