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Conexant (CNXT) Closes Acquisition by Golden Gate, Will No Longer Trade on Nasdaq

April 19, 2011 9:20 AM EDT
CNXT Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Conexant (Nasdaq: CNXT) announced Tuesday that Gold Acquisition Corp., a wholly owned subsidiary of Gold Holdings, Inc., merged with and into Conexant, with Conexant as the surviving corporation. Gold is an affiliate of Golden Gate Capital, a private equity firm headquartered in San Francisco with deep experience in semiconductors and broader technology sectors.

As a privately held company, Conexant will no longer trade on the NASDAQ Global Market exchange.


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