Fort Worth based Texas Pacific, a private investment group led by financier David Bonderman had cut off its offer towards Zilog Inc.
Texas Pacific Group had cut its price offer to buy the maker of computer chips from $25 a share or $527 million to $20 a share or $421.6 million. The cut off is due to the decline of sales and profits of Zilog in their third quarter performance.
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news Texas Pacific Cuts Off Offer Towards Zilog Inc.; Zilog Z16F Blog
