FTC Clears Golden Gate Acquisition Of Conexant

Law360, New York (March 14, 2011, 7:18 PM EDT) -- The Federal Trade Commission on Friday granted an early termination of its antitrust review of Golden Gate Capital LP's proposed purchase of Newport Beach, Calif.-based semiconductor company Conexant Systems Inc.

The FTC said that it had accepted the companies' request for an early termination, meaning the agency has completed its antitrust review of the deal and decided not to take any enforcement action during the deal's statutory waiting period.

Conexant accepted San Francisco-Calif.-based Golden Gate's offer to buy all of the outstanding shares of Conexant common...
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