Online information source for semiconductor professionals
Jazz and Tower receive stockholder go-ahead
Popular articles
Micron moving fast on Hynix in Q208 NAND flash rankings, says iSuppli - 19 August 2008
Numonyx to close California Technology Center - 12 August 2008
Qimonda starts major reorganization: exits PC DRAM market - 13 October 2008
Micron close to Inotera share purchase, says Gartner - 06 October 2008
Applied Materials sees higher CapEx spending for 2009 - 15 August 2008
The
takeover of Jazz Semiconductor by Tower Semiconductor has received
approval from Jazz’s stockholders for the adoption of the Agreement and
Plan of Merger and Reorganization. Tower will now acquire all of the
outstanding Jazz shares in a stock-for-stock agreement.
66.1% of Jazz’s outstanding shares of common stock voted in favour of the merger agreement, exceeding the majority vote required for the agreement to go ahead, while less than 1% of Jazz’s outstanding shares of common stock voted against approval of the merger agreement.