Zoran Corp./CSR Plc
On February 22 2011, Zoran Corp. (Nasdaq: ZRAN) agreed to be acquired by CSR plc (OTC: CSRXF) in a deal worth approximately $679 million.
Zoran shareholders will receive 1.85 American Depositary Shares of CSR for each share they hold.
The deal is worth about $12.82 per Zoran share, or an approximate 38% premium to Friday's close.
Closing is expected in Q211.
J.P. Morgan Cazenove and Rothschild acted as CSR's financial advisers and Wilson Sonsini Goodrich & Rosati and Slaughter and May acted as CSR's legal counsel. Goldman Sachs & Co. acted as Zoran's financial advisor and Jones Day acted as Zoran's legal counsel.
Zoran shareholders will receive 1.85 American Depositary Shares of CSR for each share they hold.
The deal is worth about $12.82 per Zoran share, or an approximate 38% premium to Friday's close.
Closing is expected in Q211.
J.P. Morgan Cazenove and Rothschild acted as CSR's financial advisers and Wilson Sonsini Goodrich & Rosati and Slaughter and May acted as CSR's legal counsel. Goldman Sachs & Co. acted as Zoran's financial advisor and Jones Day acted as Zoran's legal counsel.
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