Tuesday, April 19, 2011
Conexant Acquisition Completes
The acquisition of Newport Beach-based semiconductor firm Conexant by private equity firm Golden Gate Capital has completed, the firm said today. The acquisition takes Conexant private, with the firm no longer trading on the NASDAQ Global Market. Conexant was acquired by Golden Gate Capital after a bidding war with Standard Microsystems (SMC) in February. The deal was worth $2.40 per share in cash, or approximately $282M.