Microtune Announces Stockholder Approval of Acquisition by Zoran Corporation
PLANO, Texas - November 19, 2010 -- Microtune®, Inc. today announced that at the special meeting of stockholders held on November 19, 2010, its stockholders adopted the merger agreement with Zoran Corporation, dated September 7, 2010, pursuant to which Microtune will become a wholly-owned subsidiary of Zoran.
The affirmative vote of the holders of a majority of the outstanding shares of Microtune common stock was required to approve the proposal to adopt the merger agreement and approximately 75% of the outstanding shares of Microtune common stock as of October 18, 2010, the record date for the special meeting, were voted to approve the proposal to adopt the merger agreement.
Microtune and Zoran have agreed, subject to the satisfaction or waiver of certain conditions set forth in the merger agreement attached as Annex A to the Definitive Proxy Statement on Schedule 14A filed by Microtune with the Securities and Exchange Commission on October 19, 2010 and summarized in such Definitive Proxy Statement, that the merger contemplated by the merger agreement will close on or about November 30, 2010.
ABOUT MICROTUNE, INC.
Microtune, Inc. is a receiver solutions company that designs and markets advanced radio frequency (RF) and demodulator electronics for worldwide customers. Its products, targeted to the cable, digital television and automotive entertainment markets, are engineered to deliver high-performance and reliable video, voice and data signals across a diverse range of end products, from HDTVs, set-top boxes and cable modems to car radios. Microtune is headquartered in Plano, Texas, with key design and sales centers located around the world. The website: www.microtune.com or www.microtune.cn.
ABOUT ZORAN CORPORATION
Zoran Corporation, based in Sunnyvale, California, is a leading provider of digital solutions for the digital entertainment and digital imaging markets. With over two decades of expertise developing and delivering digital signal processing technologies, Zoran has pioneered high-performance digital audio and video, imaging applications and Connect Share Entertain technologies for the digital home. Zoran’s proficiency in integration delivers major benefits for OEM customers, including greater capabilities within each product generation, reduced system costs, and shorter time to market. Zoran-based DTV, set-top box, DVD, digital camera and multifunction printer products have received recognition for excellence and are now in hundreds of millions of homes and offices worldwide. With headquarters in the U.S. and additional operations in China, France, India, Israel, Japan, Korea, Sweden, Taiwan, and the U.K., Zoran may be contacted on the World Wide Web at www.zoran.com or at 408-523-6500.
|
Related News
- Zoran Corporation to Acquire Microtune, Inc.
- Alphawave IP Acquisition of OpenFive Approved by All Regulators
- UMC Receives Final Approval for 100% Acquisition of Mie Fujitsu Semiconductor
- Gennum Shareholder Approval Obtained for Acquisition by Semtech
- Entropic Receives U.S. Court Approval to Acquire Trident Microsystems' Set-Top-Box SoC Assets
Breaking News
- Keysight, Synopsys, and Ansys Deliver Radio Frequency Design Migration Flow to TSMC's N6RF+ Process Node
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Leveraging Cryogenics and Photonics for Quantum Computing
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing
- Credo at TSMC 2024 North America Technology Symposium
Most Popular
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process
- Silicon Creations Reaches Milestone of 10 Million Wafers in Production with TSMC
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Analog Bits to Demonstrate Numerous Test Chips Including Portfolio of Power Management and Embedded Clocking and High Accuracy Sensor IP in TSMC N3P Process at TSMC 2024 North America Technology Symposium
- Alphawave Semi: FY 2023 and 2024 YTD Trading Update and Notice of Results
E-mail This Article | Printer-Friendly Page |