Conexant Gets New Bid From Golden Gate Capital
said this morning that it received a new offer from Golden Gate Capital. According to Conexant, Golden Gate Capital has offered to pay $2.40 per share in cash for the firm, a superior proposal to an earlier offer from Standard Microsystems. SMSC had offered to pay $1.125 in cash and $1.125 in stock for Conexant in January. Golden Gate had told Conexant it would be making a competing offer for the company earlier this month. Conexant is a maker of semiconductors and high speed networking chips.
posted on Tuesday, February 22, 2011
> Conexant Goes To Golden Gate Capital
> Conexant Acquisition Completes
> Conexant Gets Competing Acquisition Offer
> Conexant Gets Investment From August Capital
> Conexant Gets $20M In Credit Facility