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Semiconductors M&A image Semiconductors M&A » By The Online Investor Staff, updated Wed., May. 8, 5:43 AM Recent mergers and acquisitions in the Semiconductors M&A category.

Slide #5. Cirrus Logic Wolfson Microelectronics

Acquirer: Cirrus Logic (NASDAQ:CRUS)
Acquiree: Wolfson Microelectronics
Details: Cirrus Logic, Inc. (NASDAQ : CRUS) and Wolfson Microelectronics plc (LSE : WLF or WLF.L) today announced the terms of a recommended transaction under which Cirrus Logic would acquire Wolfson at a price of 2.35 per share in cash, implying an enterprise value of 278 million, or approximately $467 million. The transaction, if approved, is expected to strengthen Cirrus Logic's ability to expand its customer base with highly differentiated, end-to-end audio solutions for portable audio applications. The transaction will be financed by a combination of existing cash on Cirrus Logic's balance sheet and $225 million in debt funding.

Cirrus Logic is engaged in mixed-signal processing solutions. Co.'s product line categories are audio and high-performance mixed-signal (HPMS). Co. is a supplier of audio components that are used in a variety of applications including smartphones and other audio systems. Co. has a portfolio of products: codecs, which are components that integrate analog-to-digital converters and digital-to-analog converters into a single integrated circuit (IC); smart codecs, which are codecs with integrated digital signal processing; boosted amplifiers; and standalone digital signal processors. Co. provides a range of HPMS products, including haptic and sensing solutions, and battery and power ICs.

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Company Name:  Cirrus Logic Inc
Stock buyback:  CRUS buyback
Website:  www.cirrus.com
Sector:  Semiconductors
Number of ETFs Holding CRUS:  69
Total Market Value Held by ETFs:  $935.92M
Total Market Capitalization:  $4.77B
% of Market Cap. Held by ETFs:  19.61%
 

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May 8, 2024    5:43 AM Eastern
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Buy (3.44 out of 4)
54th percentile
(ranked higher than approx. 54% of all stocks covered)

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