Imagination Technologies Group PLC (IMG.L)
LONDON, Sept 25 The UK's top share index retreated on Monday, pulling away from a one-week high as losses among heavyweight financials and commodities-linked sectors weighed, though small cap Imagination Tech soared after a buyout fund agreed to buy the chip designer.
* TO SELL WORLDWIDE MIPS CPU BUSINESS TO TALLWOOD MIPS FOR A TOTAL CONSIDERATION OF $65M IN CASH
Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week by U.S. President Donald Trump from buying a U.S. chip maker, said it would purchase British chip designer Imagination Technologies Group Plc .
Sept 22 Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week by U.S. President Donald Trump from buying a U.S. chip maker, said it would purchase British chip designer Imagination Technologies Group Plc.
* Recommended cash acquisition of Imagination Technologies Group Plc by CBFI investment limited
Sept 22 British firm Imagination Technologies Group PLC said on Friday CBFI Investment Limited will buy the company for a price of 182 pence per share, valuing it at about 550 million pounds ($742.50 million).
* Canyon Bridge is said to ready Imagination bid minus U.S. unit - Bloomberg, citing sources Source: [https://bloom.bg/2vPnHE1] Further company coverage:
Apple Inc on Friday disputed the timeline of events leading up the disclosure by Imagination Technologies Group Plc that Apple plans to drop the graphics chip supplier, a loss of the UK company's largest customer that sent shares plummeting.
LONDON, July 4 British chip designer Imagination Technologies said it had made no progress in its battle with its biggest customer Apple , and the sale of the company triggered by the dispute was continuing with talks with potential buyers.
LONDON Imagination Technologies, the British firm that lost 70 percent of its value after being ditched by its biggest customer Apple, put itself up for sale on Thursday in a disappointing end to a once-great European tech success story. | Video