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8-K - FORM 8-K - CONEXANT SYSTEMS INC | a59297e8vk.htm |
EX-3.1 - EX-3.1 - CONEXANT SYSTEMS INC | a59297exv3w1.htm |
Exhibit 99.1
Editorial Contact: Gwen Carlson Conexant Systems, Inc. (949) 483-7363 |
Investor Relations Contact: Scott Allen Conexant Systems, Inc. (949) 483-2698 |
CONEXANT ACQUISITION BY GOLDEN GATE COMPLETED
NEWPORT BEACH, Calif., April 19, 2011 Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier
of innovative semiconductor solutions for imaging, audio, embedded modem, and video surveillance
applications, today announced that Gold Acquisition Corp., a wholly-owned subsidiary of Gold
Holdings, Inc. (Gold), merged with and into Conexant, with Conexant as the surviving corporation.
Gold is an affiliate of Golden Gate Capital, a private equity firm headquartered in San Francisco
with deep experience in semiconductors and broader technology sectors. As a privately held
company, Conexant will no longer trade on the NASDAQ Global Market exchange.
About Conexant
Conexants portfolio of innovative semiconductor solutions includes products for imaging,
audio, embedded modem, and video surveillance applications. Conexant is a fabless semiconductor
company headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private investment firm with approximately $9
billion of capital under its management. The firms charter is to partner with world-class
management teams to make equity investments in situations where there is a demonstrable opportunity
to significantly enhance a companys value. The principals of Golden Gate have a long and
successful history of investing with management partners across a wide range of industries and
transaction types, including going-privates, corporate divestitures, leveraged buyouts and
recapitalizations. For additional information, visit www.goldengatecap.com.
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Conexant is a registered trademark of Conexant Systems, Inc.