Brief: GigOptix renews interest in buying GSI Technology
04/06/2015 14:00
June 4 (Reuters) - GigOptix Inc GIG.A : * Renews interest in acquiring GSI Technology Inc for $6.50 per share * Says "from an operating standpoint, we believe Gsi Technology results continue to disappoint the investor community" * We expect that the proposed transaction would be completed by the end of 2015" * In letter to Gsi techonology says "it is anticipated the cash consideration can exceed $6.00 per share" * Received a commitment letter of up to $70 million from opus bank to fully finance the cash portion of the consideration" * Says unless extended, the proposal shall expire on June 19, 2015 * Source text for Eikon ID:nBw7RWtk0a * Further company coverage GIG.A ((Bengaluru Newsroom; +1 646 223 8780))