Sirf, Csr To Merge; Kanwar Chadha's Perspective

摘要

SiRF Technology Holdings, Inc., of San Jose, California, and CSR pic, formerly Cambridge Silicon Radio, headquartered in Cambridge, United Kingdom, will merge in a stock-for-stock transaction to create a new company, which will automatically assume a competitive, leading position in global connectivity and location markets. The companies expect the transaction to close in the second quarter of 2009.rn"Financially, strategically, and commercially, this is a compelling transaction," said Joep van Beurden, CEO of CSR - and analysts would almost universally agree. SiRF has been under the financial microscope since troubles surfaced in Q1 2008, and speculation about an acquisition had been rife.