Friday, June 17, 2011, 9:09 AM
British chipmaker CSR will acquire Zoran (ZRAN +21%), a technology developer for digital photography and video, for a reduced price of $484M ($6.26/share in cash and 0.589 CSR shares) following a deterioration in ZRAN's performance. The original $679M price-tag was before the Japan earthquake, and before Cisco Systems (CSCO) canned the Flip.
Comment![M&A, On the Move]
Wednesday, February 23, 2011, 1:38 PM
Dynegy's (DYN -3.9%) implosion is an indication (and the CSR-Zoran deal might be) that defensive tie-ups just serve to expose the fault lines inside a company, DealBook notes in looking at when M&A hurts.
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Monday, February 21, 2011, 2:25 PM
British chip maker CSR will acquire Zoran (ZRAN), a maker of technology for digital photography and video, for $679M in stock. CSR will issue 1.85 new shares for each Zoran share, a premium of about 40% to Zoran’s Friday closing price of $9.32/share. (PR)
Comment![Tech]
Wednesday, September 8, 2010, 8:16 AM
Zoran (ZRAN) says it will buy Microtune (TUNE) - a provider of radio frequency tuners and transceivers to the broadband communications markets - for $166M, or $2.92/share. TUNE +16.6% premarket to $2.88.
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