On Tuesday, Shares of Freescale Semiconductor Ltd (NYSE:FSL), lost -1.29% to $44.39.
NXP Semiconductors and Freescale Semiconductors, has declared effective the registration statement on Form F-4 filed by NXP. NXP and Freescale have finalized the joint proxy statement/prospectus and expect to promptly start delivery to shareholders. The NXP and Freescale boards of directors recommend shareholders vote in favor of the merger.
The extraordinary general meeting of NXP shareholders will be held on Thursday, July 2, 2015, at 3:00 p.m., local time, at NXP’s principal executive offices located at High Tech Campus 60, Eindhoven 5656 AG, the Netherlands. The record date for the determination of shareholders entitled to vote at the NXP special meeting will be June 4, 2015.
Freescale Semiconductor, Ltd. provides embedded processors worldwide. The companys products comprise microcontrollers, ranging from 8-bit products to higher performance 16-bit and 32-bit products with on-board flash memory, which provide the digital logic or intelligence for electronic applications and controlling electronic equipment or analyzing sensor inputs; single-and multi-core microprocessors; and applications processors with embedded memory, and special purpose hardware and software for multimedia applications.
Shares of Ruckus Wireless Inc (NYSE:RKUS), inclined 1.59% to $ 10.87, during its last trading session.
Ruckus Wireless, declared that it is working with Smartac Group China Holdings Limited (Smartac) to assist build Ruckus Smart WiFi networks covering more than 300 passenger stations for three major railroad systems in China—Beijing, Guangzhou, and Lanzhou. The ongoing deployment is part of a long-term project to upgrade wireless networks across China’s vast passenger railway transportation system. These Ruckus Smart WiFi networks will not only provide a high-performance wireless Internet access experience for railway passengers, they will also provide comprehensive, real-time passenger data for railway station operators. The entire project is designed to make China’s railway passenger stations “Smart stations.” These new Smart stations are part of the emerging global trend to create Smart cities. The concept involves using state-of-the-art communications technology that improves municipal operations and services to enhance the way of life for residents and visitors of major urban centers.
Ruckus Wireless, Inc. provides carrier-class Wi-Fi solutions to service providers and enterprises worldwide. It provides gateways, controllers, and access points with related software and services.
At the end of Tuesday’s trade, Shares of Celestica Inc. (USA) (NYSE:CLS), lost -0.86% to $ 12.70.
Celestica, declared the preliminary results of its “modified Dutch auction” substantial issuer bid to purchase for cancellation up to US$350 million of its subordinate voting shares, which expired at 5:00 pm. (Eastern time ) on June 1, 2015 and the amendment and restatement of its credit facility to add a US$250 million term loan component thereto.
All the terms and conditions of the Offer have been complied with and, based on a preliminary count by Computershare Investor Services Inc., as depositary for the Offer, Celestica anticipates to take up and pay for about 26,315,789 Shares at a purchase price of US$13.30 per Share.
The Shares predictable to be purchased under the Offer represent about 17.5% of the Shares issued and outstanding preceding to giving effect to the Offer. After giving effect to the Offer, the number of issued and outstanding Shares is predictable to be about 123,951,538.
Celestica Inc. provides supply chain solutions to customers in the communications, consumer, industrial, aerospace and defense, healthcare, solar, green technology, semiconductor equipment, servers, and storage end markets in the Americas, Asia, and Europe.
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