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Tundra Obtains Court Approval of Arrangement
OTTAWA, June 16 /CNW Telbec/ - Tundra Semiconductor Corporation (TSX: TUN) announced today that t...
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[{"type":"text","content":"\n\n\n\nOTTAWA, June 16 /CNW Telbec/ - Tundra Semiconductor Corporation (TSX:\nTUN) announced today that the Ontario Superior Court of Justice has issued a\nfinal order approving the previously announced arrangement pursuant to which\n4440471 Canada Inc., a wholly-owned Canadian subsidiary of Integrated Device\nTechnology, Inc. (NASDAQ: IDTI), will acquire all of the issued and\noutstanding shares of Tundra (the "Arrangement").\n\n\nTundra has now received shareholder and Court approval of the Arrangement\nand, assuming all other conditions to closing are satisfied or waived, expects\nthe Arrangement to be completed on or about June 29, 2009.\n\n\nAbout Tundra\n\n\nTundra Semiconductor Corporation (TSX:TUN) supplies the world's leading\ncommunications, computing and storage companies with System Interconnect\nproducts, intellectual property (IP) and design services backed by world-class\ncustomer service and technical support. Tundra's track record of product\nleadership includes over a decade of bridges and switches enabling key\nindustry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power\nArchitecture(TM), VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra's\nproducts deliver high functional quality and simplified board design and\nlayout, with specific focus on system level signal integrity. Tundra's design\nservices division, Silicon Logic Engineering, Inc., offers industry-leading\nASIC and FPGA design services, semiconductor intellectual property and product\ndevelopment consulting. Tundra's technology connects critical components in\nhigh performance embedded systems around the world. For more information,\nplease visit www.tundra.com.\n\n\nCaution Regarding Forward Looking Statements\n\n\nCertain statements in this news release regarding the proposed\nArrangement between Tundra and IDT, the expected timetable for completing the\nArrangement and any other statements regarding Tundra's future expectations,\nbeliefs, goals or prospects constitute forward-looking information within the\nmeaning of applicable securities legislation (collectively "forward-looking\nstatements"). Any statements that are not statements of historical fact\n(including statements containing the words "believes," "plans," "anticipates,"\n"expects," "estimates" and simila...