ARM shares slip as Artisan acquisition completed
| EE Times: Latest News ARM shares slip as Artisan acquisition completed | |
| Peter Clarke (12/24/2004 7:13 AM EST) URL: http://www.eetimes.com/showArticle.jhtml?articleID=56200387 | |
| LONDON Shares in ARM Holdings plc, the vendor of processor-related intellectual property, fell on the London Stock Exchange on the news that ARM had completed the acquisition of Artisan Components Inc. following approval by both sets of shareholders on Thursday (Dec. 23). Cambridge, U.K.-based ARM announced its plan to acquire Artisan in August 2004 but met disapproval from the financial community that expressed concern that the purchase price of US$913 million, was too much for the vendor of cell libraries. In statement ARM said it would issue more than 324 million new shares pay $235.4 million in cash to finance the deal, and this represents an aggregate consideration value of approximately $1 billion. Lucio Lanza, chairman of Artisan, and Mark Templeton, president and chief executive officer of Artisan, join the board of directors of ARM Holdings plc as a non-executive director and an executive director, respectively.
| |
Related Semiconductor IP
- Verification IP for C-PHY
- Band-Gap Voltage Reference with dual 2µA Current Source - X-FAB XT018
- 250nA-88μA Current Reference - X-FAB XT018-0.18μm BCD-on-SOI CMOS
- UCIe D2D Adapter & PHY Integrated IP
- Low Dropout (LDO) Regulator
Related News
- Cadence Completes Acquisition of Arm Artisan Foundation IP Business
- Arm revenues up 47%; shares fall
- Intel sells Arm shares
- Arm forecast sends shares down
Latest News
- GUC Collaborate with Wiwynn to Advance Silicon-to-System Infrastructure for Next-Generation Hyperscale AI
- Two Weebit Nano product customers tape-out; one already demonstrating a functional prototype
- JEDEC Advances DDR5 MRDIMM Ecosystem with New Memory Interface Logic and Expanded MRDIMM Roadmap
- Altera Brings Determinism to Physical AI Systems with Latest Release of FPGA AI Suite
- Mosaic SoC raises $3.8M to bring real-time spatial intelligence to every consumer device