NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
27 March 2015
CSR plc ("CSR")
REGULATORY UPDATE
CSR today announces that the Japan Fair Trade Commission has granted clearance for the acquisition of CSR by Qualcomm Global Trading Pte. Ltd. ("QGT "), an indirect wholly owned subsidiary of Qualcomm Incorporated ("Qualcomm ").
Approval for the acquisition has previously been granted by the US Federal Trade Commission, the German Federal Cartel Office and the Korea Fair Trade Commission. The Taiwan Fair Trade Commission determined not to exercise its jurisdiction over the transaction.
Completion remains subject to merger control approvals in China as set out in the Rule 2.7 Announcement issued on 15 October 2014.
The acquisition is expected to close by late summer 2015.
Enquiries:
CSR | |
Will Gardiner, Chief Financial Officer | +44 (0) 1223 692 000 |
J.P. Morgan Cazenove (financial adviserfinancial adviser to CSR) | |
New York | |
Rupert Sadler | +1 212 270 6000 |
Madhu Namburi | |
London | |
Dwayne Lysaght | +44 (0) 20 7777 2000 |
Jonathan Wilcox | |
James Robinson | |
Goldman Sachs International (financial adviser to CSR) | |
San Francisco | |
Pawan Tewari | +1 415 393 7500 |
Tammy Kiely | |
London | |
Mark Sorrell | +44 (0) 20 7774 1000 |
Nick Harper | |
Alex Garner | |
FTI Consulting (PR adviser to CSR) | |
Charlie Palmer | +44 (0) 20 3727 1000 |
James Melville-Ross |
J.P. Morgan Limited, which conducts its UK investment banking businesses as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised and regulated in the United Kingdom by the FinancialFinancial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser exclusively for CSR and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than CSR for providing the protections afforded to clients of J.P. Morgan Cazenove, nor for providing advice in relation to any matter referred to herein.
Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for CSR and no-one else in connection with the matters set out in this announcement and will not be responsible to anyone other than CSR for providing the protections afforded to clients of Goldman Sachs International nor for providing advice in relation to the matters in this announcement. Neither Goldman Sachs International nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Goldman Sachs International in connection with this announcement, any statement contained herein or otherwise.
Publication on website
A copy of this announcement will be available free of charge, subject to certain restrictions relating to persons resident in restricted jurisdictions, on CSR's website at www.csr.com by no later than 12.00 p.m. (London time) on the Business Day following the date of this announcement in accordance with Rule 30.4 of the Code.
The content of CSR's website is not incorporated into and does not form part of this announcement.
This information is provided by RNS
distributed by |