Zoran/Microtune
On September 8, 2010, Zoran Corporation (Nasdaq: ZRAN) announced that they had entered an agreement to acquire Microtune (Nasdaq: TUNE) for $2.92 per share in cash. Total value of the transaction is $166 million, or $84 million net of cash acquired.
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.
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.
Both boards have approved the merger.
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Microtune (TUNE) Shareholder Approve Merger W/ Zoran
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Notable 52-Week High's and Low's of the Day 09/14: RDWR, NEM, YUM, ENTR High; CHP, POWI, ZRAN Low
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Top 10 News Items 9/7-9/10: Mark Hurd Wants to Move to Oracle, But HP Counters with a Lawsuit; M&A Action Still Hot; Nokia Names Former Microsoft Exec Elop as CEO
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Zoran (ZRAN) Shares Moving Lower as Lazard Cuts to Hold
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Unusual 11 Mid-Day Movers 09/08: ZGEN, QXM, EDAP, SKH, CERS, TUNE Higher; CAGC, DFZ, HILL, BBZ, ANGO Lower
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Morning Movers 09/08: ZGEN, EDAP, QXM, HDY, TUNE, ROIAK, SKH Higher; CAGC, DFZ, ALTI Lower
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Notable Mergers and Acquisitions of the Day 09/08: ZRAN/TUNE, MSHL/NVGN, MXIM
