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Friday, August 8, 2014

BRIEF-CMA says not to refer Cirrus Logic acquisition of Wolfson Microelectronics, (NASDAQ: CRUS)

Competition and Markets Authority (CMA) : * Not to refer anticipated acquisition by Cirrus Logic Inc of Wolfson Microelectronics Plc to a phase 2 investigation

Cirrus Logic, Inc. (Cirrus Logic) develops analog and mixed-signal integrated circuits (IC) for a broad range of consumer and industrial markets. Shares of CRUS traded higher by 0.77% or $0.17/share to $22.30. In the past year, the shares have traded as low as $16.81 and as high as $25.91. On average, 1400970 shares of CRUS exchange hands on a given day and today's volume is recorded at 182502.