|
|
Article: Spansion to Sell Suzhou Final Manufacturing Facility to Powertech Technology, Inc.
- Article from:
- PR Newswire
- Article date:
- August 24, 2009
CopyrightCOPYRIGHT 2009 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)
|
Signing of Definitive Agreement Furthers Spansion's Restructuring Effort
SUNNYVALE, Calif., Aug. 24 /PRNewswire-FirstCall/ -- In a move designed to lower fixed costs over the long-term, enhance its manufacturing flexibility, and further its restructuring efforts, Spansion Inc. today announced its wholly owned subsidiary Spansion LLC has signed a definitive agreement with Powertech Technology Inc. (PTI) to sell to PTI its final manufacturing facility located in Suzhou, China, and certain related equipment. Under the terms of the agreement and subject to U.S. bankruptcy court approval, PTI will pay Spansion LLC approximately $31 million in cash, subject to certain ...
Related newspaper, magazine, and journal articles:
|
|
Article: Spansion Announces Pricing of Private Placement of 2.25% ...
PR Newswire;
June 7, 2006 ;
700+ words
... ... operating company subsidiary, Spansion LLC, priced a private placement of ... million aggregate principal amount of Spansion LLC's 2.25% Exchangeable Senior ... Securities Act of 1933, as amended. Spansion LLC has granted the initial purchasers ...
|
|