IDT Looks To Acquire Tundra Semiconductor
San Jose-based Integrated Device Technology said Monday that the firm is looking to acquire Tundra Semiconductor Corporation, a developer of system interconnect semiconductors, in a deal worth CDN$120.8M. IDT said that its offer is a 12% premium to an existing acquisition offer for Tundra from Gennum Corporation. Both firms develops switching and bridging chips for embedded standards like RapidIO, PCI Express, and VME.
posted on Monday, April 27, 2009
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