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Golden Gate Bids $200M For Conexant
Private equity firm, Golden Gate Private Equity, has offered to acquire semiconductor company, Conexant Systems.
Private equity firm, Golden Gate Private Equity, has offered to acquire semiconductor company, Conexant Systems, The Wall Street Journal reports. The Golden Gate bid ranges from $192-200 million.
The firm has offered $2.35-2.45 a share in cash for all the outstanding shares of Conexant. Standard Microsystems had earlier in January 2011 offered to buy Conexant for about $184 million.
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