Acquired Electronics360

Semiconductor Value Chain

GSI Rejects GigOptix Bid

08 September 2014

GSI Technology’s board of directors has unanimously rejected the bid by GigOptix to acquire the company for about $154 million.

Last month, GigOptix made public its desire to acquire the fabless semiconductor company at $6.50 a share in order to create semiconductor devices for new high speed core, metro and cloud connectivity applications.

In its rejection of the potential acquisition, Dr. Avi Katz, president and CEO of GSI, said in a statement that the company reviewed the non-binding and conditional proposal but concluded that the proposal “would be contrary to the best interests of our stockholders” and that GSI’s future prospects as an independent company as well as shareholder value would be “best served by remaining focused on the execution of our business plan.”

Related links:

IHS Technology Semiconductors & Components Page

www.gsitechnology.com

www.gigoptix.com

News articles

GigOptix Bids for GSI Technology

Intel to Buy Former LSI Networking Business for $650M

Samsung Buys into IoT with SmartThings Startup

Actions Semi Restructures to Focus on Tablets

FCI, Samtec Ink Second-source Pact



Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement

CALENDAR OF EVENTS

Date Event Location
30 Nov-01 Dec 2017 Helsinki, Finland
23-27 Apr 2018 Oklahoma City, Oklahoma
18-22 Jun 2018 Honolulu, Hawaii
Find Free Electronics Datasheets
Advertisement