Colorado Springs-based non-volatile FRAM developer
Ramtronhas bought
Goal Semiconductor, a privately held, fabless semiconductor manufacturer based in
, in a cash and stock transaction valued at approximately $7.6 million.
Ramtron believes that its business combination with Goal will enable the company to accelerate its product development plans for analog and mixed-signal integrated circuits (ICs) and provide customers with an expanded portfolio of FRAM-enabled data acquisition, signal processing and microcontroller devices.
Under the terms of the acquisition agreement, Ramtron paid approximately $2.0 million in cash and $5.6 million in Ramtron common stock to acquire all of the outstanding securities of Goal.
For the stock portion of the consideration, Ramtron issued approximately 1,950,000 new common shares. As a result of the transaction, Ramtron now has approximately 24.4 million common shares outstanding.
The acquisition of Goal is expected to add approximately $1.2 million per year to Ramtron's operating expenses and to become accretive to Ramtron's earnings in 2006, as products resulting from the combination are commercialised.
As a result of the acquisition, Ramtron now has a total of 107 full-time employees, up from 88.
Comment: Hinkley Point C must deploy mandated protections for fish
What problem do EDF have with the fish (fry) getting into the cooling water? The author makes no attempt to explain why EDF feel they have to do this....