It's official: Tundra Semconductor will be acquired by Integrated Device Technology (Nasdaq: IDTI), a larger semiconductor company based in San Jose, Calif. Shareholder approved the $120.8-million all-cash deal, which surpasses by some 40% the cash-and-shares price offered in a friendly bid earlier this year by Gennum Corp., a smaller Burlington, ...

Gennum has ended its bid for Ottawa's Tundra Semiconductor. Burlington, Ont.-based Gennum issued a press release this morning to announce it will not match the $120-million offer made April 27 by its larger U.S.-based rival, Integrated Device Technology (Nasdaq: IDTI), which is based in San Jose, Calif. It seems another ...