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Jazz Semiconductor goes public |
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Feb 20, 2007 at 03:36 PM |
 Publicly traded asset acquisition firm, Acquicor Technology, has completed its merger with privately held, specialty foundry Jazz Semiconductor. A new holding company, Jazz Technologies acquired all of the outstanding securities of Jazz Semiconductor, with Acquicor Technology changing its name to Jazz Technologies upon the merger completion. The cost of the merger was put at $260.1 million.
Shu Li, president and chief executive officer of Jazz Semiconductor, said: "We expect our new status as a publicly traded company to provide Jazz Semiconductor with greater financial flexibility as we grow our business organically and through strategic acquisitions."
Jazz Semiconductor had previously been preparing to float on NASDAQ.
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