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
Buy (3.44 out of 4)
54th percentile
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