Zarlink raises funds for acquisition

Zarlink Semiconductor Inc. closes its offering of 75,000 subscription receipts after successfully raising gross proceeds of $75 Zarlink.jpgmillion to help finance its $134.5-million purchase of Legerity Holdings Inc. The combined revenue of Zarlink and Austin, Texas-based Legerity, which makes voice integrated circuits for carrier, enterprise and residential gateway equipment, will exceed US$250 million. The financing was led by CIBC World Markets and included National Bank Financial, RBC Capital Markets and Scotia Capital.

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