Exar to sell its iML subsidiary to E-Town Chipone for $136 mln
Exar Corp has agreed to sell its Integrated Memory Logic Limited subsidiary to E-Town Chipone, a consortium comprised of Chipone and E-Town Capital. The price of the transaction is $136 million. Cowen and Company LLC served as financial adviser to Exar while Needham and Company advised E-Town Chipone on the deal. Exar's iML is a provider of power management and color calibration solutions for the flat-panel display and LED lighting markets.
2 June 2016•5 mins read
