Zilog's ills cut acquisition price.

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  • Author(s): DeTar, Jim
  • Source:
    Electronic News. 11/24/97, Vol. 43 Issue 2195, p2. 2p.
  • Additional Information
    • Subject Terms:
      ZILOG Inc.; MERGERS & acquisitions; TEXAS Pacific Group (Company); FINANCE
    • Subject Terms:
      UNITED States
    • Abstract:
      Discloses that the financial problems facing Zilog has forced the company to renegotiate the agreement it signed in early 1997 to be bought by venture capital firm, Texas Pacific Group. Company president Edgar Sack's comment about the issue; Background on the agreement with Texas; Amendments made to its previously announced merger agreement with Texas; Conditions stipulated in the merger agreement.