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Bids, Mergers and Takeovers

CSR's shares to be delisted following takeover

13 August 2015 13:33

CSR has stated that the Court has confirmed the Reduction of Capital required to effect the recommended acquisition of CSR by Qualcomm Global Trading Pte. Ltd. by way of a scheme of arrangement, which was itself sanctioned by the Court on 11 August 2015.

It added, both Court Orders have now been delivered to, and in the case of the Reduction Court Order registered by, the Registrar of Companies and, accordingly, the Scheme has become effective.

Dealings in CSR Shares on the main market of the London Stock Exchange were suspended at 5.00 p.m. (London time) on 12 August 2015.

It is expected that CSR Shares will cease to be listed on the Official List of the UK Listing Authority and that their admission to trading on the main market of the London Stock Exchange will be cancelled at 8.00 a.m. (London time) on 17 August 2015.

Story provided by StockMarketWire.com

Related Company: CSR

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