Tuesday, April 19, 2011

Conexant acquisition by Golden Gate completed

NEWPORT BEACH, USA: Conexant Systems Inc., a leading supplier of innovative semiconductor solutions for imaging, audio, embedded modem, and video surveillance applications, announced that Gold Acquisition Corp., a wholly owned subsidiary of Gold Holdings Inc., merged with and into Conexant, with Conexant as the surviving corporation.

Gold is an affiliate of Golden Gate Capital, a private equity firm headquartered in San Francisco with deep experience in semiconductors and broader technology sectors. As a privately held company, Conexant will no longer trade on the NASDAQ Global Market exchange.

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