VLSI Technology - Waiting for good news from NASDAQ !!! Message Board

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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: Linda Kaplan who wrote (6353)	5/3/1999 12:47:00 AM
From: E_K_S	Read Replies (2) of 6565

Royal Philips Electronics to acquire VLSI Technology 12.29 a.m. ET (0429 GMT) May 3, 1999 SUNNYVALE, Calif. — Royal Philips Electronics will acquire VLSI Technology Inc. in a deal worth $1 billion after a long and difficult wooing by the Dutch giant. VLSI will become part of Philips Semiconductors, a $4.5 billion division of Royal Philips and one of the world's leading suppliers of communications products, the companies said Sunday. Royal Philips, which already owns about 2.5 percent of VLSI, will pay $21 a share, or $953 million, for the remaining shares. It will also cash out options on 11.3 million shares... foxmarketwire.com

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