LONDON Shares in ARC International plc (St Albans, England), the specialist licensor of configurable processor cores, are set to be delisted from the London Stock Exchange early next month, following Virage Logic's offer going unconditional last month.
"Just over 92 percent of the shares have now been acquired, with the rest set to be swept up. So it is a done deal," ARC's chief financial officer Charles Rendell told EE Times .
ARC shares were quoted at 16p on the LSE Monday.
Virage Logic (Fremont, Calif.) announced August it would buy ARC, with the all-cash transaction
valuing the company at about £25.2 million (approximately $41 million) on a fully-diluted basis.
January 2016 Cartoon Caption ContestBob's punishment for missing his deadline was to be tied to his chair tantalizingly close to a disconnected cable, with one hand superglued to his desk and another to his chin, while the pages from his wall calendar were slowly torn away.122 comments