Notable Mergers and Acquisitions of the Day 09/08: ZRAN/TUNE, MSHL/NVGN, MXIM

September 8, 2010 10:45 AM EDT

• Zoran Corporation (Nasdaq: ZRAN) announces that they have entered an agreement to acquire Microtune, Inc. (Nasdaq: TUNE) for $2.92 per share in cash, or $84 million net of cash acquired.
  
  The transaction is expected to close upon Microtune shareholder approval. Both boards have approved the merger.
  
  Zoran expects the acquisition to be accretive immediately following the close of the deal, which is expected to be in the fourth quarter of 2010.
  
  
• Marshall Edwards, Inc. (Nasdaq: MSHL) announces that they have reached an agreement to acquire the isoflavone-related intellectual property portfolio from Novogen Limited (Nasdaq: NVGN).
  
  
• Maxim Integrated Products, Inc. (Nasdaq: MXIM) announces the $72.5 million acquisition of Phyworks Ltd.
  
  RBC Capital Markets Corporation acted as financial advisor to Phyworks in connection with the transaction.
  
  Click here for more color on the transaction from the release.

To keep up on all the Mergers & Acquisitions data in real-time, go to our new Mergers and Acquisitions Central page.

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