Wednesday, February 13, 2008
Jazz Technologies Hires Investment Bank
Newport Beach-based Jazz Technologies, the parent company of Jazz Semiconductor, said today that the firm has hired investment bank UBS Securities as its financial adviser. The company said the move was part of "a review of strategic alternatives to enhance stockholder value," which is generally used in the investment banking community to indicate a firm is looking for a buyer. Jazz Technologies -- which was formerly the blank check acquisition firm Acquicor -- is headed by former Apple CEO Gil Amelio. Jazz Semiconductor operates a CMOS foundry focused on mixed signal semiconductor devices for the communications and networking industry.