New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 29, 2014
08:04 EDTEXARExar completes integrated memory logic tender offer
Exar announced the successful completion of its tender offer to acquire the outstanding shares of Integrated Memory Logic Limited. As of the expiration date of the tender offer on May 29, a total of 68,319,091 shares were tendered, representing approximately 92% of iML's outstanding shares, exceeding the minimum tender condition of 51,964,096. The share consideration will be settled on or before June 6. By obtaining a controlling interest, Exar will begin consolidating iML financials. Pursuant to the terms and conditions of the merger agreement with iML, Exar will initiate procedures to acquire the remaining outstanding shares of iML in a second-step merger. After the merger closing, which is expected in the September quarter, iML will become a subsidiary of Exar, and iML stock will be delisted from and cease to be a publicly reported company on the Taiwan Stock Exchange.
News For EXAR From The Last 14 Days
Check below for free stories on EXAR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 12, 2014
07:39 EDTEXARExar management to meet with B. Riley
Meeting to be held in Los Angeles on September 19 hosted by B. Riley.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use