Royal Philips Electronics has offered $805.8 million in cash, or $17 per share, for the semiconductor manufacturer, VLSI Technology.
Philips appears to be is applying some pressure on the VLSI directors. It published a letter to VLSI?s chairman and chief executive, Alfred Stein, in what looks like a direct appeal to shareholders. The letter urged that the companies, ?should progress with our discussions on a fast time track?.
At $17 per share, the offer represents a premium of 60 per cent on VLSI's closing price on 25 February.
And, yep, it'll run Android rather than RiscOS
US engineering giant's cost-cutting outsourcing plan is on the rocks, according to insiders
HP Envy X2 laptop only affordable if you've got loadsamoney
Counterfeit code-signing certificates enabling hackers to hide malware being sold by cyber criminals
Certificates can be used as part of layered obfuscation to evade detection by anti-virus software