Thursday, December 20, 2007

Saifun Shareholders Approve Spansion Deal

Sunnyvale-based Spansion, a provider of Flash memory products said today that the shareholders of Saifun Semiconductor Ltd. have approved the firm's acquisition of the company. The $368M stock and cash deal was announced in October. Saifun is a provider of semiconductor IP for the non-volatile memory market; Spansion is one of the major customers of Saifun, and incorporates its technology into its Flash memory products.