[MD1] Motorola's Semiconductor to Acquire Metrowerks
TweetFollow Us on Twitter

[MD1] Motorola's Semiconductor to Acquire Metrowerks

Motorola's Semiconductor Products Sector Announces Intention to Purchase
Metrowerks Inc.

SCHAUMBURG, Ill., Aug. 19 /PRNewswire/ -- Motorola, Inc. (NYSE: MOT) today
announced that Motorola and Metrowerks Inc. (Nasdaq: MTWK; Toronto: MWK)
have agreed that Motorola's Semiconductor Products Sector will offer to
acquire all of the outstanding common shares of software tools developer
Metrowerks in an all cash bid at a price of U.S.$6.25 (approximately Cdn
$9.25) per share, or approximately U.S.$95 million (approximately Cdn. $141
million) for the publicly traded, Canadian corporation.

Founded in 1985 and headquartered in Austin, Texas, Metrowerks designs,
develops, markets and supports professional software development tools used
by programmers to create software applications. Metrowerks' flagship
product line, CodeWarrior consists of a suite of programming tools used by
developers worldwide to create software in the C, C++, Java and assembly
programming languages. CodeWarrior has more than 200,000 registered users
in 80 countries.

"Metrowerks has an exceptional team, and its CodeWarrior software
development products are among the industry's best for desktop and embedded
systems programming, covering microprocessors, microcontrollers and digital
signal processors," said Hector de J. Ruiz, Ph.D., president of Motorola
Semiconductor Products Sector. "We intend for Metrowerks to be a core
component of our open and extensible software development tools expertise
for enabling our DigitalDNA embedded solutions leadership."

Jean Belanger, chairman and chief executive officer of Metrowerks said, "We
are enthusiastic about the offer being made by Motorola and believe it
provides an attractive price to our shareholders."

The Board of Directors of Metrowerks unanimously approved the transaction
with Motorola and will recommend to the Metrowerks' shareholders that they
tender their shares. Jean Belanger, chairman and chief executive officer,
and Greg Galanos, founder, president and chief technology officer, each of
whom holds approximately 12% of the common shares of Metrowerks on a fully
diluted basis, have irrevocably agreed to tender their shares to the
Motorola bid. The take-over bid, which is expected to commence within the
next two weeks, is subject to the tender of at least 77% of the common
shares outstanding, the termination or expiration of the waiting period
under the Hart-Scott-Rodino Act, other regulatory approvals and certain
other terms and conditions.

In the event of a termination of the agreement between Motorola and
Metrowerks, under certain circumstances Motorola would be entitled to a
termination fee of U.S.$4.7 million. In addition, Metrowerks has granted
Motorola, an irrevocable option to acquire up to 19.9% of Metrowerks'
common equity in the event the termination fee is payable. The aggregate
economic value to Motorola of the termination fee and the exercise of the
option will not exceed U.S.$4.7 million.

Metrowerks develops and sells programming tools in five major market
segments: the desktop Macintosh and Windows market, the Linux market, the
embedded proprietary operating systems market, the real-time operating
systems ("RTOS")/Windows CE market and the Java technology market.
Metrowerks employs about 240 people, with 150 in R&D. Austin-based
employment is 200; the remainder of employees are located in offices in
Silicon Valley, Montreal, Ottawa, Germany, Tokyo and Boston.

Motorola intends to operate Metrowerks as a standalone subsidiary, which
will retain its current name and management team.

About Motorola

Motorola is a global leader in providing integrated communications
solutions and embedded electronic solutions. Sales in 1998 were $29.4
billion. As the world's No. 1 producer of embedded processors, Motorola's
Semiconductor Products Sector, based in Austin, Texas, offers multiple
DigitalDNA solutions that enable its customers to create new business
opportunities in the consumer, networking and computing, transportation,
and wireless communications markets. (Additional information is available
at www.motorola.com)

Statements about the consummation of the take-over bid, the expected date
of completion for the transaction and Metrowerks' future operation are
forward-looking and involve risks and uncertainties. Motorola wishes to
caution the reader that unanticipated delays in initiating or completing
the transaction and those factors contained in Motorola's 1999 Proxy
Statement on pages F-15 through F-18 and in its other SEC filings could
cause actual results to differ materially from those stated in the
forward-looking statements. /CONTACT: Media: Ken Phillips of Motorola,
602-952-3852, rspc30@email.sps.mot.com; or Kathy Hill of Metrowerks,
512-873-4787, khill@metrowerks.com/

About Metrowerks

For more information about our company, refer to our About Metrowerks page.

Metrowerks, the Metrowerks logo and CodeWarrior are registered trademarks
of Metrowerks Inc. All other company and product names may be registered
trademarks or trademarks of their respective companies/holders, and are
hereby recognized.

Statements in this press release are forward looking statements that
involve risks and uncertainties, including successful and timely
development of the product and customer acceptance of the product.
Metrowerks
9801 Metric Blvd.
Austin, TX 78758
800.377.5416
fax: 512.873.4901
info@metrowerks.com

 
AAPL
$99.76
Apple Inc.
+0.00
MSFT
$44.08
Microsoft Corpora
+0.00
GOOG
$520.84
Google Inc.
+0.00

MacTech Search:
Community Search:

Software Updates via MacUpdate

RestoreMeNot 2.0.3 - Disable window rest...
RestoreMeNot provides a simple way to disable the window restoration for individual applications so that you can fine-tune this behavior to suit your needs. Please note that RestoreMeNot is designed... Read more
Macgo Blu-ray Player 2.10.9.1750 - Blu-r...
Macgo Mac Blu-ray Player can bring you the most unforgettable Blu-ray experience on your Mac. Overview Macgo Mac Blu-ray Player can satisfy just about every need you could possibly have in a Blu-ray... Read more
Apple iOS 8.1 - The latest version of Ap...
The latest version of iOS can be downloaded through iTunes. Apple iOS 8 comes with big updates to apps you use every day, like Messages and Photos. A whole new way to share content with your family.... Read more
TechTool Pro 7.0.5 - Hard drive and syst...
TechTool Pro is now 7, and this is the most advanced version of the acclaimed Macintosh troubleshooting utility created in its 20-year history. Micromat has redeveloped TechTool Pro 7 to be fully 64... Read more
PDFKey Pro 4.0.2 - Edit and print passwo...
PDFKey Pro can unlock PDF documents protected for printing and copying when you've forgotten your password. It can now also protect your PDF files with a password to prevent unauthorized access and/... Read more
Yasu 2.9.1 - System maintenance app; per...
Yasu was originally created with System Administrators who service large groups of workstations in mind, Yasu (Yet Another System Utility) was made to do a specific group of maintenance tasks... Read more
Hazel 3.3 - Create rules for organizing...
Hazel is your personal housekeeper, organizing and cleaning folders based on rules you define. Hazel can also manage your trash and uninstall your applications. Organize your files using a... Read more
Autopano Giga 3.7 - Stitch multiple imag...
Autopano Giga allows you to stitch 2, 20, or 2,000 images. Version 3.0 integrates impressive new features that will definitely make you adopt Autopano Pro or Autopano Giga: Choose between 9... Read more
MenuMeters 1.8 - CPU, memory, disk, and...
MenuMeters is a set of CPU, memory, disk, and network monitoring tools for Mac OS X. Although there are numerous other programs which do the same thing, none had quite the feature set I was looking... Read more
Coda 2.5 - One-window Web development su...
Coda is a powerful Web editor that puts everything in one place. An editor. Terminal. CSS. Files. With Coda 2, we went beyond expectations. With loads of new, much-requested features, a few... Read more

Latest Forum Discussions

See All

MonSense Review
MonSense Review By Jennifer Allen on October 21st, 2014 Our Rating: :: ORGANIZED FINANCESiPhone App - Designed for the iPhone, compatible with the iPad Organize your finances with the quick and easy to use, MonSense.   | Read more »
This Week at 148Apps: October 13-17, 201...
Expert App Reviewers   So little time and so very many apps. What’s a poor iPhone/iPad lover to do? Fortunately, 148Apps is here to give you the rundown on the latest and greatest releases. And we even have a tremendous back catalog of reviews; just... | Read more »
Angry Birds Transformers Review
Angry Birds Transformers Review By Jennifer Allen on October 20th, 2014 Our Rating: :: TRANSFORMED BIRDSUniversal App - Designed for iPhone and iPad Transformed in a way you wouldn’t expect, Angry Birds Transformers is a quite... | Read more »
GAMEVIL Announces the Upcoming Launch of...
GAMEVIL Announces the Upcoming Launch of Mark of the Dragon Posted by Jessica Fisher on October 20th, 2014 [ permalink ] Mark of the Dragon, by GAMEVIL, put | Read more »
Interview With the Angry Birds Transform...
Angry Birds Transformers recently transformed and rolled out worldwide. This run-and-gun title is a hit with young Transformers fans, but the ample references to classic Transformers fandom has also earned it a place in the hearts of long-time... | Read more »
Hail to the King: Deathbat Review
Hail to the King: Deathbat Review By Rob Thomas on October 20th, 2014 Our Rating: :: SO FAR AWAYUniversal App - Designed for iPhone and iPad Hail to the King: Deathbat may feel like “Coming Home” for Avenged Sevenfold’s faithful,... | Read more »
Find Free Food on Campus with Ypay
Find Free Food on Campus with Ypay Posted by Jessica Fisher on October 20th, 2014 [ permalink ] iPhone App - Designed for the iPhone, compatible with the iPad | Read more »
Strung Along Review
Strung Along Review By Jordan Minor on October 20th, 2014 Our Rating: :: GOT NO STRINGSUniversal App - Designed for iPhone and iPad A cool gimmick and a great art style keep Strung Along from completely falling apart.   | Read more »
P2P file transferring app Send Anywhere...
File sharing services like Dropbox have security issues. Email attachments can be problematic when it comes to sharing large files. USB dongles don’t fit into your phone. Send Anywhere, a peer-to-peer file transferring application, solves all of... | Read more »
Zero Age Review
Zero Age Review By Jordan Minor on October 20th, 2014 Our Rating: :: MORE THAN ZEROiPad Only App - Designed for the iPad With its mind-bending puzzles and spellbinding visuals, Zero Age has it all.   | Read more »

Price Scanner via MacPrices.net

Deals on 2011 13-inch MacBook Airs, from $649
Daily Steals has the Mid-2011 13″ 1.7GHz i5 MacBook Air (4GB/128GB) available for $699 with a 90 day warranty. The Mid-2011 13″ 1.7GHz i5 MacBook Air (4GB/128GB SSD) is available for $649 at Other... Read more
2013 15-inch 2.0GHz Retina MacBook Pro availa...
B&H Photo has leftover previous-generation 15″ 2.0GHz Retina MacBook Pros now available for $1599 including free shipping plus NY sales tax only. Their price is $400 off original MSRP. B&H... Read more
Updated iPad Prices
We’ve updated our iPad Air Price Tracker and our iPad mini Price Tracker with the latest information on prices and availability from Apple and other resellers, including the new iPad Air 2 and the... Read more
Apple Pay Available to Millions of Visa Cardh...
Visa Inc. brings secure, convenient payments to iPad Air 2 and iPad mini 3as well as iPhone 6 and 6 Plus. Starting October 20th, eligible Visa cardholders in the U.S. will be able to use Apple Pay,... Read more
Textkraft Pocket – the missing TextEdit for i...
infovole GmbH has announced the release and immediate availability of Textkraft Pocket 1.0, a professional text editor and note taking app for Apple’s iPhone. In March 2014 rumors were all about... Read more
C Spire to offer iPad Air 2 and iPad mini 3,...
C Spire on Friday announced that it will offer iPad Air 2 and iPad mini 3, both with Wi-Fi + Cellular, on its 4G+ LTE network in the coming weeks. C Spire will offer the new iPads with a range of... Read more
Belkin Announces Full Line of Keyboards and C...
Belkin International has unveiled a new lineup of keyboard cases and accessories for Apple’s newest iPads, featuring three QODE keyboards and a collection of thin, lightweight folios for both the... Read more
Verizon offers new iPad Air 2 preorders for $...
Verizon Wireless is accepting preorders for the new iPad Air 2, cellular models, for $100 off MSRP with a 2-year service agreement: - 16GB iPad Air 2 WiFi + Cellular: $529.99 - 64GB iPad Air 2 WiFi... Read more
Price drops on refurbished Mac minis, now ava...
The Apple Store has dropped prices on Apple Certified Refurbished previous-generation Mac minis, with models now available starting at $419. Apple’s one-year warranty is included with each mini, and... Read more
Apple refurbished 2014 MacBook Airs available...
The Apple Store has Apple Certified Refurbished 2014 MacBook Airs available for up to $180 off the cost of new models. An Apple one-year warranty is included with each MacBook, and shipping is free.... Read more

Jobs Board

Project Manager / Business Analyst, WW *Appl...
…a senior project manager / business analyst to work within our Worldwide Apple Fulfillment Operations and the Business Process Re-engineering team. This role will work Read more
*Apple* Retail - Multiple Positions (US) - A...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
Position Opening at *Apple* - Apple (United...
…customers purchase our products, you're the one who helps them get more out of their new Apple technology. Your day in the Apple Store is filled with a range of Read more
Position Opening at *Apple* - Apple (United...
**Job Summary** At the Apple Store, you connect business professionals and entrepreneurs with the tools they need in order to put Apple solutions to work in their Read more
Position Opening at *Apple* - Apple (United...
**Job Summary** The Apple Store is a retail environment like no other - uniquely focused on delivering amazing customer experiences. As an Expert, you introduce people Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.