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| | VLSI Technology to Evaluate Merger Proposal From Philips - VLSI Board Meeting on March 23 to Review Evaluation of ... (Site not responding. Last check: 2007-10-11) |
 | | SAN JOSE, Calif., March 3 /PRNewswire/ -- VLSI Technology, Inc. (Nasdaq: VLSI) announced today that it will hold a special meeting of its Board of Directors on March 23, 1999 to consider the results of an evaluation conducted by its advisers of a merger proposal from Royal Philips Electronics. |
 | | In response to the Philips proposal made late on February 25, 1999, VLSI has retained Morgan Stanley Dean Witter and Hambrecht & Quist LLC as its financial advisers, and Latham & Watkins and Richards, Layton & Finger as its legal counsel, to assist the Board in evaluating the proposal. |
 | | The Board has an open mind concerning the proposal and will be reviewing the advisers' evaluation on March 23, 1999." VLSI Technology, Inc. designs and manufactures custom and semi-custom integrated circuits for leading firms in the wireless communications, networking, consumer digital entertainment and advanced computing markets. |
| www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/03-03-1999/0000882491&EDATE= (312 words) |
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