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Exar Corp to acquire Integrated Memory Logic Limited

Sunday, 27 Apr 2014 10:30pm EDT 

Exar Corp:Signs definitive agreement to acquire Integrated Memory Logic Limited.Under the terms of the transaction, Exar's subsidiary will commence a tender offer to acquire all of the outstanding shares of the company for T$91.00 (about $3.00) per iML share in cash and acquire any remaining shares at T$91.00 per share pursuant to a follow-on merger.The gross transaction value will be T$6.8 billion (about $223 million), or T$3.1 billion (about $94 million), net of cash acquired.The transaction, which is expected to close in the second quarter of fiscal 2015. 

Company Quote

-0.02 -0.18%
1 Jun 2015