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Integrated Memory Logic Ltd to merge with wholly owned subsidiary of Exar Corp


Tuesday, 24 Jun 2014 07:09am EDT 

Integrated Memory Logic Ltd:To merge with Image Sub Limited and Image Sub Limited will dissolve.Image Sub Limited holds 92.03 pct stake in the company before merger.Image Sub Limited is a wholly owned subsidiary of Exar Corporation and after the merger the company will become a wholly owned subsidiary of Exar Corporation.Outstanding shares of the company will be canceled at a price of T$91 per share.Merger is expected to be completed on July 17. 

Company Quote

9.29
-0.14 -1.48%
12:02pm EDT