Cirrus Logic Announces Intention to Make Offering of Common Stock and Convertible Subordinated Notes.FREMONT, Calif.--(BUSINESS WIRE)--Oct. 23, 1995--Cirrus Logic, Inc. (Nasdaq: CRUS crus (krus) pl. cru´ra [L.] 1. leg (1). 2. a leglike part. crus ce´rebri ) announced today that it intends to file with the Securities and Exchange Commission a Registration Statement for a proposed offering of 6,000,000 shares of Common Stock and $500,000,000 of Convertible Subordinated Notes. The Company plans to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the sale of the Notes and from the Common Stock Offering for expenditures associated with the Company's increased investment in wafer (1) A small, thin continuous-loop magnetic tape cartridge that has been used from time to time for data storage and specialized applications. (2) The base unit of chip making. It is a slice taken from a salami-like silicon crystal ingot up to 12" (300mm) in diameter. manufacturing and for general working capital purposes. All shares are to be sold by the Company. CONTACT: Cirrus Logic (company) Cirrus Logic - A manufacturer of integrated circuits including the Advanced RISC Machine and display interface processors and cards for use as Windows accelerators (requiring dedicated driver software). http://cirrus.com/. , Inc. Mark Singer, 510/226-2399 Sam Srinivasan, 510/623-8300 |
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