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
- Generative AI Edge Processor
- AXI NoC Non-Coherent Mesh
- CXS c/d/Lite Verification IP
- USB OTG 2.0 with xHCI Verification IP
- DDR5 RDIMM Verification IP
Related News
- Cadence Completes Acquisition of Arm Artisan Foundation IP Business
- Intel sells Arm shares
- Arm forecast sends shares down
- Cadence to Acquire Arm Artisan Foundation IP Business
Latest News
- Agnisys and Axiomise Collaborate to Accelerate NoC Design and Formal Sign-off
- TSMC Reports Third Quarter EPS of NT$29.43
- ChipAgents Collaborates With NVIDIA to Launch Build-A-Chip-Bench for Autonomous Chip Design and Implementation
- Quintauris and Microchip Technology join forces to grow RISC-V® adoption
- BrainChip Launches Sequora: Edge AI That Doesn’t Just Recognize — It Understands and Responds