SiRF Technology shareholders to decide merger with CSR on June 25

By Lisa Kerner

Charlotte, N.C., June 2 - SiRF Technology Holdings, Inc. will ask its shareholders to approve the company's merger with CSR plc at a special meeting at 1 p.m. ET on June 25 in San Jose, Calif.

The record date for the meeting is May 27, a SiRF news release said.

CSR is expected to also hold an extraordinary general meeting on June 25 for the purpose of approving the merger.

The merger should close promptly after the shareholder vote, SiRF said.

In February, the companies announced an agreement to combine in a stock-for-stock transaction valued at approximately $136 million.

As previously reported, SiRF stockholders will receive 0.741 of a CSR share for each share of SiRF common stock they own. The consideration is equivalent to $2.06 per SiRF share based on CSR's closing stock price on Feb. 9.

SiRF, based in San Jose, Calif., is a provider of GPS-enabled silicon and premium software location platforms.

CSR provides wireless voice and data communications. The company is located in Cambridge, England.

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