SiRF, CSR Merge
San Jose-based SiRF Technology Holdings, a developer of GPS-based semiconductors, and CSR, a developer of Bluetooth chips, said today that the firms are merging in a stock-for-stock transaction. According to the firms, the deal is worth approximately $136M, with SiRF stockholders receiving 0.741 CSR shares for each share of SiRF common stock they own. The firms said the merger will create a company with "significant commercial, operational, and technical scale."
posted on Tuesday, February 10, 2009
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