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News Breaks
December 10, 2012
05:32 EDTCEVA, MIPSMIPS Technologies, Imagination Technologies Group agree to revised merger terms
MIPS Technologies announced that it entered into an amendment to the agreement with Imagination Technologies Group previously announced on November 5. The amendment provides for an increased purchase price of $80M and the removal of the conditions to closing requiring the approval of the Committee on Foreign Investment in the U.S. and that MIPS is not a real property holding corporation. As a result of the amendment, the net proceeds to each holder of MIPS common stock following the consummation of the patent sale and recapitalization as previously announced, has increased to approximately $7.64 per share in cash. The Merger Agreement is otherwise in full force and effect. The amendment followed the submission of a definitive proposal from CEVA (CEVA) to acquire MIPS for $75M, as previously announced, stating that it had completed its confirmatory due diligence and had received unanimous board approval, and the delivery of a notice by MIPS to Imagination Technologies that the MIPS board of directors had determined the proposal from CEVA to be a "Superior Proposal."
News For MIPS;CEVA From The Last 14 Days
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February 3, 2016
07:06 EDTCEVACEVA reports Q4 non-GAAP EPS 17c, consensus 17c
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