SiRF Technology and CSR combine in all-stock deal worth $136 million

By Lisa Kerner

Charlotte, N.C., June 26 - SiRF Technology Holdings, Inc. and CSR plc said they completed their $136 million stock-for-stock transaction first announced in February.

As previously reported, SiRF stockholders will receive 0.741 of a CSR share for each share of SiRF common stock they own. The consideration is equivalent to $2.06 per SiRF share based on CSR's closing stock price on Feb. 9.

According to a form 8-K filed with the Securities and Exchange Commission, SiRF became a direct, wholly subsidiary of CSR and SiRF's shares will cease trading on the Nasdaq Global Select Market.

SiRF, based in San Jose, Calif., is a provider of GPS-enabled silicon and premium software location platforms.

CSR provides wireless voice and data communications. The company is located in Cambridge, England.

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