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Newport Beach-based Conexant Systems 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

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Conexant

Related stories:
> 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

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