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Conexant Acquisition by Golden Gate Completed
//science-technology.news-articles.net/content/2 .. nexant-acquisition-by-golden-gate-completed.html
Published in Science and Technology on Tuesday, April 19th 2011 at 6:25 GMT by Market Wire
Published in Science and Technology on Tuesday, April 19th 2011 at 6:25 GMT by Market Wire
NEWPORT BEACH, Calif.--([ BUSINESS WIRE ])--Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded modem, and video surveillance applications, today announced that Gold Acquisition Corp., a wholly owned subsidiary of Gold Holdings, Inc. (aGolda), merged with and into Conexant, with Conexant as the surviving corporation. Gold is an affiliate of Golden Gate Capital, a private equity firm headquartered in San Francisco with deep experience in semiconductors and broader technology sectors. As a privately held company, Conexant will no longer trade on the NASDAQ Global Market exchange.
About Conexant
Conexanta™s portfolio of innovative semiconductor solutions includes products for imaging, audio, embedded modem, and video surveillance applications. Conexant is a fabless semiconductor company headquartered in Newport Beach, Calif. To learn more, please visit [ www.conexant.com ].
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private investment firm with approximately $9 billion of capital under its management. The firm's charter is to partner with world-class management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. The principals of Golden Gate have a long and successful history of investing with management partners across a wide range of industries and transaction types, including going-privates, corporate divestitures, leveraged buyouts and recapitalizations. For additional information, visit [ www.goldengatecap.com ].
Conexant is a registered trademark of Conexant Systems, Inc.
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