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BRIEF-CBFI to buy Imagination Technologies for 500 mln stg
September 22, 2017 / 9:25 PM / in a month

BRIEF-CBFI to buy Imagination Technologies for 500 mln stg

Sept 22 (Reuters) - Imagination Technologies Group Plc :

* Recommended cash acquisition of Imagination Technologies Group Plc by CBFI investment limited

* Imagination Technologies Group Plc - under terms, each scheme shareholder will be entitled to receive 182 pence in cash for each imagination share

* Imagination Technologies Group Plc - deal values Imagination’s existing issued and to be issued ordinary share capital at approximately £550 million

* Imagination Technologies Group Plc - entered agreement with Tallwood MIPS, Inc with respect to the disposal of MIPS

* Imagination Technologies Group Plc - Imagination and CBFI have agreed that the completion of the MIPS disposal is a condition of the acquisition

* Imagination Technologies Group Plc - Tallwood will pay consideration of $65 million, subject to customary adjustments Further company coverage:

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