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Bids, Mergers and Takeovers

CSR acquisition approved

02 February 2015 10:32

CSR has announced that the German Federal Cartel Office has granted approval for the acquisition of CSR by Qualcomm Global Trading Pte. Ltd., an indirect wholly owned subsidiary of Qualcomm Incorporated.

Approval for the acquisition has previously been granted by the US Federal Trade Commission.

Completion remains subject to merger control approvals in China, Japan, South Korea and Taiwan.

The company stated that the acquisition is expected to close in late summer 2015.

At 10:32am: (LON:CSR) CSR PLC share price was -1p at 854p

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