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, ...

Easy come, easy go. That's the attitude Gennum CEO Franz Fink took in an interview yesterday, after his company announced it would not match Integrated Device Technology's $6.25 cash offer for Ottawa-based Tundra Semiconductor. "Sometimes mergers and acquisitions aren't completed, this is just all part of doing business," said Fink ...

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 ...

An update to my recent feature story on Gennum's proposed acquisition of Tundra Semiconductor:  as I reported, the initial price tag of $4.43 per share was indeed too good to be true.