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Canyon Bridge bid for Imagination emerges

Imagination HQ

However the offered price of 182p per share has hardly moved the Imagination share price which was 123p before the bid and is 129p now, suggesting that the bid may fail because of regulatory issues.

At 182p, Imagination is being valued at £550 million. Imagination’s current market cap is £370 million.

Canyon Bridge has recently had its first attempted acquisition – Lattice Semiconductor – rejected by President Donald Trump.

In a move to try to avoid US regulatory attention, Imagination will sell its MIPS business to a VC-backed company called Tallwood MIPS for $65 million.

In a statement designed to fend off UK regulatory attention Canyon Bridge says it has ‘no plans to make any changes to the continuing employment of employees and management, nor does intend to change the principal locations of Imagination’s places of business, or redeploy any fixed assets of Imagination.’

“We are investing in UK talent and expertise in order to accelerate the expansion of Imagination, particularly into Asia,” says Ray Bingham, co-founder and partner at Canyon Bridge who has recently resigned from the boards of Oracle, Flex and Cypress Semiconductor because of the Canyon Bridge connection.

Article source: https://www.electronicsweekly.com/news/business/canyon-bridge-bid-imagination-emerges-2017-09/

Ed Taps Brexit Angst

Ruminations on the electronics industry from David Manners, of Electronics Weekly.

Article source: https://www.electronicsweekly.com/blogs/mannerisms/ed-the-serial-ceo/510234-2017-09/

Oxford signs microscope probe deal with Chinese tech firm

oxford instOxford Instruments NanoScience has signed a technology collaboration agreement with a Chinese firm to jointly develop high precision scanning probe microscopes (SPM).

The UK firm will work with CASmF Science and Technology (CASmF) to apply its superconducting magnet system known as TeslatronPT, to  a physical probe that scan 2D materials, nano-structures and superconductivity.

Dr Junyun LI, sales v-p at Oxford Instruments NanoScience, writes:

“This is a very prestigious collaboration for us with a Chinese high-tech company of such high repute developing world’s leading scientific research instruments.”

The preliminary results from this collaborative project using a simpler scanning tunnelling microscope (STM) measurement probe housed in the TeslatronPT platform have already demonstrated that atomically resolved graphite STM images can be obtained using the standard platform.

Dr Qingyou LU, the president of CASmF, writes:

“A time of tightly integrated hand shaking between Oxford Instruments’ strong market presence and emphasis on the technology innovation is bound to be a significant move towards achieving outstanding business results and efficiencies”.

Article source: https://www.electronicsweekly.com/news/oxford-signs-microscope-probe-deal-chinese-tech-firm-2017-09/