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.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.