Zoran to merge with CSR for $679 million
Clients Zoran Corporation
Jones Day advised Zoran Corporation in its merger with CSR plc for $679 million. Under the merger agreement, Zoran shareholders will receive 1.85 ordinary shares of CSR in the form of American Depositary Shares for each share of Zoran common stock held. Also, CSR announced that it intends to return up to $240 million to shareholders via an on-market share buyback programme.
In addition to M&A representation, Jones Day provided antitrust, capital markets, intellectual property, tax, employee benefits, labor and employment, and securities litigation advice regarding this transaction.