Wolfson is to be sold to Cirrus Logic. Cirrus will pay 235p per share compared to the market closing price last night of 134p. It values Wolfson at $488 million.
Wolfson made a $12.6 million loss last year, sacked 10% of its staff and borrowed £25 million from the bank
from News http://ift.tt/1iAEfkR
via Yuichun
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