San Jose, Calif. -- Integrated Device Technology (IDT), a San Jose-based developer of mixed-signal semiconductor, said on Tuesday it has launched an exchange offer to acquire shares of Sunnyvale-based PLX Technology, a maker of semiconductor-based connectivity products. The companies originally announced the agreement, at the time worth approximately $330 million, on April 30. Under the deal, set to expire on June 30, PLX stockholders will receive $3.50 in cash and .525 shares of IDT for each of their shares.
http://www.idt.com
http://www.idt.com/about/press-room/idt-commences-exchange-offer-acquire-plx-technology-inc
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