Short Take: IDT to buy Quality Semiconductor
Semiconductor products maker IDT announced it has moved to acquire Quality Semiconductor, a provider of high-performance logic and networking semiconductor products, in an all-stock deal. IDT said QSI's product range will perfectly complement its own offerings. Under the terms of the agreement, each issued and outstanding share of QSI will be exchanged for 0.6875 shares of IDT's common stock. Both companies are publicly traded on the Nasdaq market.
Semiconductor products maker announced it has moved to acquire Quality Semiconductor, a provider of
high-performance logic and networking semiconductor products, in an all-stock deal. IDT said QSI's product range will perfectly complement its own offerings. Under the terms of the agreement, each issued and outstanding share of QSI will be exchanged for 0.6875 shares of IDT's common stock. Both companies are publicly traded on the Nasdaq market.