SiRF Buys Centrality Communications
San Jose, California–based SiRF Technology expects to close this fiscal quarter on its purchase of Centrality Communications, Inc., a provider of navigation processor solutions for mobile navigation devices.
In exchange for all of the outstanding capital stock of Centrality, including equity awards, SiRF has agreed to pay $283 million in a combination of cash and shares of SiRF common stock, with the exact amount to be determined at the time of closing. The boards of directors of both companies have approved the merger.
By Inside GNSS