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Article: STMicroelectronics Closes Tender Offer for Genesis Microchip.
- Article from:
- PR Newswire
- Article date:
- January 17, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STMicroelectronics Accepts 91 Percent of Genesis Shares Subsequent Offering Period to Expire on January 23, 2008
GENEVA, Jan. 17 /PRNewswire-FirstCall/ -- STMicroelectronics today announced that, as of 12:00 midnight, New York City time, on January 16, 2008, STMicroelectronics had received tenders of approximately 34.6 million shares of Genesis Microchip Inc. (including approximately 2.3 million shares tendered by notice of guaranteed delivery), representing approximately 91.0% percent of the outstanding Genesis shares, assuming all Genesis shares tendered by notice of guaranteed delivery are received by STMicroelectronics. STMicroelectronics, through its ...