(Source: PRNewswire)
SAN JOSE, Calif., June 2 /PRNewswire-FirstCall/ -- SiRF Technology Holdings, Inc. (Nasdaq: SIRF) today announced that, in connection with the proposed merger with a subsidiary of CSR plc (LSE: CSR.L), CSR filed with the United States Securities and Exchange Commission ("SEC") a Registration Statement on Form F-4 on May 29, 2009, which contains the Proxy Statement/Prospectus that will be distributed to SiRF stockholders in connection with a special meeting of SiRF stockholders. The SEC declared the Registration Statement effective at 12:30 p.m. (Eastern Daylight Time) on June 2, 2009 and the Proxy Statement/Prospectus, including notice of the special meeting and the accompanying proxy card, will be mailed to SiRF stockholders beginning today.
On February 9-10, 2009, CSR and SiRF announced that they had entered into an agreement and plan of merger, pursuant to which a wholly owned subsidiary of CSR will merge with and into SiRF, with SiRF surviving the merger as a wholly owned subsidiary of CSR. Completion of the merger is subject to the approvals of CSR shareholders and SiRF stockholders, other customary closing conditions and the admission to the Official List of the UK Listing Authority of the CSR ordinary shares to be issued to SiRF stockholders.
A special meeting of SiRF stockholders will be held at 10:00 a.m. (Pacific Daylight Time) on Thursday, June 25, 2009 at The Doubletree Hotel located at 2050 Gateway Place, San Jose, California. The purpose of the special meeting is to consider and vote upon the adoption of the merger agreement and approval of the merger. Only stockholders of SiRF as of the close of business on May 27, 2009, which is the record date for the special meeting, will be entitled to receive notice of and to vote at the special meeting and any adjournments or postponements thereof. The latest time and date for the receipt of forms of proxy for the special meeting is 11:00 p.m. (Eastern Daylight Time) on Wednesday, June 24, 2009.
An extraordinary general meeting of CSR shareholders is expected to be held on Thursday, June 25, 2009, at which the approval of CSR shareholders will be sought for the merger in addition to several other resolutions. CSR expects to post a circular and notice of general meeting to its shareholders shortly.
Subject to the satisfaction of the other conditions to closing, if the merger is approved by the CSR shareholders and the SiRF stockholders at the respective meetings, the parties expect to close the merger shortly after both meetings of shareholders.
About SiRF
SiRF develops and markets multifunction location platforms based on semiconductor and software products that are designed to enable location-awareness utilizing GPS and other location technologies, enhanced by wireless connectivity and multimedia capabilities, for high-volume mobile consumer devices and commercial applications.
