Conexant (CNXT) To Be Acquired by Golden Gate for $2.40/Share; Terminates Standard Micro Agreement
Conexant Systems, Inc. (Nasdaq: CNXT) has entered into an agreement to be acquired by Golden Gate Capital for a consideration of $2.40 per share.
Closing is expected in Q211.
Conexant also announced that it has terminated its previously announced agreement with Standard Microsystems Corporation (NASDAQ: SMSC) and paid to Standard Microsystems Corporation the $7.7 million termination fee provided for under that agreement.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Closing is expected in Q211.
Conexant also announced that it has terminated its previously announced agreement with Standard Microsystems Corporation (NASDAQ: SMSC) and paid to Standard Microsystems Corporation the $7.7 million termination fee provided for under that agreement.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- UPDATE: SAP's (SAP) America Unit to Buy Ariba (ARBA) for $45/Share
- Barclays Comments on Wesco Aircraft Holdings (WAIR) Acquisition of Interfast; Deal Accretive to 2013
- NYSE Euronext (NXY) to Acquire Ethics Compliance Consulting Firm Corpedia Corp.
Create E-mail Alert Related Categories
Mergers and AcquisitionsRelated Entities
Standard Microsystems/Conexant SystemsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
