Gold Holdings, Inc., an affiliate of Golden Gate Capital, has signed a definitive merger agreement with Conexant Systems. Gold Holdings will purchase all of the outstanding shares of Conexant common stock at a price of $2.40 per share in cash. The transaction is expected to close in Q2 2011.
Golden Gate Capital manages more than $9 billion in capital and has completed over 13 going-private transactions in the technology sector since its inception in 2000. The firm is based in San Francisco.
http://www.conexant.com
