Microchip drops bid for CSR

Monday 17 November 2014 | 10:44 CET | News
CSR announced that Microchip Technology has decided to not launch a takeover bid for CSR. The company rejected Microchip's initial approach in August and later agreed to a rival bid from Qualcomm. The companies have now ended talks, and Microchip confirmed that it does not intend to make an offer for CSR. Under UK stock market regulations, Microchip is now prohibited from making a new approach for six months. 

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Categories: Mobile & Wireless
Companies: CSR / Microchip Technology / Qualcomm
Countries: World
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