Slaughter and May is advising CSR plc, an innovator in the development of multifunction semiconductor platforms and technologies for the Auto, Consumer and Voice & Music markets, on the recommended cash offer by Qualcomm Global Trading Pte. Ltd., an indirect wholly-owned subsidiary of Qualcomm Incorporated, which values CSR plc at approximately £1,560 million.

The offer, which was announced on 15 October 2014, is to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 and will be subject to, among other things, the satisfaction of antitrust conditions regarding the US, Germany, Taiwan, China, Japan and Korea.

It is expected that the Scheme of Arrangement will become effective and the offer will complete by the end of the summer of 2015.

Slaughter and May is working alongside Paul, Weiss, Rifkind, Wharton & Garrison LLP who is advising on US law.

CONTACTS

Corporate and Commercial/Mergers and Acquisitions: William Underhill (partner), Yvonne Lee (associate), Alia Azmi (associate), Emily Tuson (associate); Competition: Anna Lyle-Smythe (partner), Bradley Aburn (associate), Tina Zhuo (associate); IP/IT: Rob Sumroy (partner), Nikhil Shah (associate); Pensions and Employment: Roland Doughty (partner)