colin@inmos.UUCP (Colin Whitby-Strevens) (12/24/88)
The following announcement was release by THORN EMI on 13th December 1988: "THORN EMI and SGS THOMSON MICROELECTRONICS announce that they have reached a preliminary agreement regarding the proposed acquisition of INMOS Limited and its Subsidiaries by the Holding Company of the THOMSON SGS MICROELECTRONICS Group associated with a participation of THORN EMI plc in such holding company. This agreement is subject to approval of the respective Boards of the Parties, their Shareholders and various regulatory authorities." For information, SGS Thomson Microelectronics (STM) is one of the `big three' European semiconductor companies, with a turnover of about $1 billion. It was formed in April 1987 by merging SGS and the microelectronics part of Thomson. It is 50% owned by the Italian Government through STET, and 50% by the French Government through Thomson. Colin Whitby-Strevens Manager Special Projects
Julian_Ratcliffe_THORN_EMI@ie.ucd.eurokom (12/24/88)
THORN EMI plc and SGS-Thomson Microelectronics BV have announed that they have reached a preliminary agreement regarding the proposed acquisition of INMOS Limited and its subsiduries, by the Holding Company of the SGS-Thompson Microelectronics Group, associated with a participation of THORN EMI plc in in such Holding Company . This agreement is subject to the approval of the respective Boards of the Parties, their Shareholders, and various regulatory Authorities.