Mergers and Acquisitions Recap: Benihana Takes Rival PRIVATE, Qualcomm BUYS DesignArt Networks
Benihana Inc. (NASDAQ:BNHN) finalizes taking Angelo, Gordon, and Co. private. Proceeds from the former’s premium that was received earlier in 2012, along with peer P.F. Chang’s China Bistro, has helped to elevate the profile of the restaurant sector.
Qualcomm Inc. (NASDAQ:QCOM) is ready to purchase the Israeli chipmaker DesignArt Networks for a price between $120 million and $140 million, according to Globes. The chipmaker develops processors for 3 to 4 gigabyte base stations and mobile backhaul gear, and also tops the growing market for small base station chips. This acquisition should aid Qualcomm compete with rivals such as Texas Instruments Inc. (NYSE:TXN), Cavium Networks, Inc. (NASDAQ:CAVM), and Broadcom Corporation’s (NASDAQ:BRCM) NetLogic division.
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