Dylan McGrath, EETimes
1/18/2013 4:31 PM EST
PLX Technology, a provider of PCI Express switches and bridges, spent most of last year preparing to be acquired by Integrated Device Technology Inc. (IDT). In April, IDT announced it would acquire PLX in a cash and stock deal worth about $330 million.
That's when the regulators got involved. The U.S. Federal Trade Commission (FTC) did an initial review of the proposed merger, then decided it wanted to take a closer look. When the FTC decided to do a secondary review of the deal, it became an enormous, time-consuming and expensive process, according to David Raun, PLX's president and CEO.
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