Reuters logo
Cirrus Logic to buy Wolfson for 291 mln stg
April 29, 2014 / 6:20 AM / in 4 years

Cirrus Logic to buy Wolfson for 291 mln stg

LONDON, April 29 (Reuters) - U.S. handset maker Cirrus Logic Inc has agreed a deal to buy British microchip maker Wolfson Microelectronics for 291 million pounds ($489 million) to boost its audio division, the two firms said on Tuesday.

In a joint statement, the companies said the price per share of 235 pence represented a premium of 75 percent to the closing price on Monday. ($1 = 0.5950 British Pounds) (Reporting by Kate Holton; Editing by Neil Maidment)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below