Mergers and Acquisitions are a key element and by-product of credit markets and economics. Companies have a variety of motives for conducting mergers and acquisitions – some good, some questionable. Growth, competition and survival have long been the three major incentives for companies to merge. CreditPulse will provide basic coverage of M&A activity and occasionally profile the credit and debt components of select M&As. Genesis Microchip, Inc. Acquired By STMicroelectronics NV
March 21, 2008
CSI No. 37 Genesis Microchip, Inc. acquired by CSI No. 371 STMicroelectronics NV in a semiconductor industry transaction earlier this year.
Genesis Microchip, Inc., a $214.6 million (2007 figure) integrated circuit manufacturer based in Santa Clara, California was acquired on January 25, 2008 by STMicroelectronics NV, a $9.8 billion semiconductor manufacturer based in Geneva, Switzerland for a reported price of $328.81 million or $8.65 in cash per common share.
