Gennum Signs Definitive Agreement to Acquire Tundra Semiconductor

After closing of the transaction and assuming the issuance of an aggregate of 8.0 million Gennum Shares in consideration of its acquisition of all Tundra Shares, Gennum is expected to have approximately 43.4 million Gennum Shares issued and outstanding, with current Gennum shareholders owning approximately 82% and current Tundra shareholders owning approximately 18% of such issued and outstanding Gennum Shares. In addition, Gennum Shares may be issued pursuant to the assumption by Gennum of options granted under the Tundra option plans. Two of Tundra's current directors are expected to join Gennum's expanded Board of Directors at the completion of the transaction.

Conference Call:

The management teams of both companies will host a media and analyst conference call today at 6:00 pm (ET). The call can be accessed at 1-800-594-3615 or 416-644-3428. The conference call will also be Webcast live at or and subsequently archived on the Gennum site. For those unable to listen to the live conference call, a telephone replay will be available until April 21, 2009 following the call. To access the rebroadcast, dial 416-640-1917 and enter the passcode 21301168 followed by the number sign. Please refer to and for a copy of the presentations that relate to the call.

Citigroup Global Markets Inc. is acting as financial advisor to Tundra in respect of the transaction, and Citigroup today rendered an opinion to the board of directors of Tundra that as of the date of the opinion, and subject to the qualifications and limitations set forth in the opinion, the consideration offered pursuant to the transaction is fair, from a financial point of view, to the Tundra shareholders. Genuity Capital Markets is acting as financial advisor to Gennum in relation to the transaction.

About Gennum

Gennum Corporation designs innovative semiconductor solutions and intellectual property (IP) cores for the world's most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging the company's proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. An award winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Mexico, Japan, Korea, Germany, United States, Taiwan, India and the United Kingdom.

About Tundra

Tundra Semiconductor Corporation (TSX: TUN) supplies the world's leading communications, computing and storage companies with System Interconnect products, intellectual property (IP) and design services backed by world-class customer service and technical support. Tundra's track record of product leadership includes over a decade of bridges and switches enabling key industry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power Architecture(TM) VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra's products deliver high functional quality and simplified board design and layout, with specific focus on system level signal integrity. Tundra's design services division, Silicon Logic Engineering, Inc., offers industry-leading ASIC and FPGA design services, semiconductor intellectual property and product development consulting. Tundra's technology connects critical components in high performance embedded systems around the world. For more information, please visit

Caution Regarding Forward-Looking Statements

Certain statements in this news release regarding the proposed transaction between Tundra and Gennum, the expected timetable for completing the transaction, benefits and synergies of the transaction, future opportunities for the combined company and products and any other statements regarding Tundra and Gennum's future expectations, beliefs, goals or prospects constitute forward-looking information within the meaning of applicable securities legislation (collectively "forward-looking statements"). Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered forward-looking statements. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation: the parties' ability to consummate the transaction; the conditions to the completion of the transaction, including the receipt of shareholder approval, court approval or the regulatory approvals required for the transaction may not be obtained on the terms expected or on the anticipated schedule; the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction; the possibility that Gennum may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all and to successfully integrate Tundra's operations into those of Gennum; such integration may be more difficult, time-consuming or costly than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; the retention of certain key employees of Tundra may be difficult; Gennum and Tundra are subject to intense competition and increased competition is expected in the future; fluctuations in foreign currencies could result in transaction losses and increased expenses; the volatility of the international marketplace; and the other factors described in Gennum's annual information form for its year ended November 30, 2008, Tundra's annual information form for its year ended April 30, 2008, and their respective recent annual and quarterly financial reports.

The statements in this news release concerning anticipated dates for the holding of the Tundra shareholders' meeting and the anticipated closing date for the transaction are based on certain assumptions of Gennum and Tundra, including assumptions as to the time required to prepare meeting materials for mailing, the timing of receipt of the necessary regulatory and court approvals and the time necessary to satisfy the conditions set out in the definitive agreement. The statements in this news release relating to the benefits and synergies of the transaction, future opportunities for the combined company and products and any other statements regarding Tundra and Gennum's future expectations, beliefs, goals or prospects are also based on assumptions, including assumptions as to: the time, effort and cost required to integrate the businesses; the ability to successfully operate the combined business with lesser expenses than those currently expended by the two companies together; the transaction not disrupting business in any material respect (including as a result of changes to relationships with employees, customers, clients and suppliers); there being no sustained material deterioration in the business and economic conditions in the marketplace for the combined company's products; management's expectations regarding market trends for products, and customer demand for the products of the combined company, are not materially incorrect; Gennum being able to execute the combined business' product roadmap without delays or disruptions having a material impact on Gennum and Gennum being able to introduce products and capitalize on new opportunities generally as expected; material disruptions in the manufacture and supply of products and services to Gennum by foundries and suppliers not occurring; Gennum's expectations relating to competitive pressures, including pricing pressures, not being materially incorrect; and significant fluctuations in foreign exchange rates which materially adversely affect Gennum's financial results not arising.

Gennum and Tundra assume no obligation to update the information in this communication, except as otherwise required by law. Additional information identifying risks and uncertainties is contained in Gennum's and Tundra's respective filings with the various provincial securities commissions which are available online at Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of the management of each of Gennum and Tundra relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. Readers are also cautioned not to place undue reliance on these forward-looking statements, that speak only as of the date hereof.

    This news release and the information contained herein does not
    constitute an offer of securities for sale in the United Sates and
    securities may not be offered or sold in the United States absent
    registration or exemption from registration.

    Gennum and the Gennum logo are registered trademarks of Gennum
    Corporation. All other product or service names are the property of their
    respective owners. Gennum Corporation, 2009. Tundra and the Tundra logo
    are registered marks of Tundra Semiconductor Corporation in Canada, the
    United States, the European Union and the People's Republic of China.
    RapidIO is a trademark of the RapidIO Trade Association, Inc. The PowerPC
    name, the Power Architecture  name,  and  the  PowerPC  logotype  are
        trademarks  of  International  Business  Machines  Corporation,  used  under
        license  therefrom.  Other  registered  and  unregistered  trademarks  are  the
        property  of  their  respective  owners.

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