[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.
9801 Metric Blvd.
Austin, TX 78758
fax: 512.873.4901


Community Search:
MacTech Search:

Software Updates via MacUpdate

Garmin Express - Manage your Gar...
Garmin Express is your essential tool for managing your Garmin devices. Update maps, golf courses and device software. You can even register your device. Update maps Update software Register your... Read more
Duet - Use your iPad as an exter...
Duet is the first app that allows you to use your iDevice as an extra display for your Mac using the Lightning or 30-pin cable. Note: This app requires a $14.99 iOS companion app. Version Read more
Apple iTunes 12.5.2 - Play Apple Music a...
Apple iTunes lets you organize and stream Apple Music, download and watch video and listen to Podcasts. It can automatically download new music, app, and book purchases across all your devices and... Read more
Pinegrow Web Designer 2.95 - Mockup and...
Pinegrow Web Designer is desktop app that lets you mockup and design webpages faster with multi-page editing, CSS and LESS styling, and smart components for Bootstrap, Foundation, Angular JS, and... Read more
jAlbum Pro 13.6 - Organize your digital...
jAlbum Pro has all the features you love in jAlbum, but comes with a commercial license. You can create gorgeous custom photo galleries for the Web without writing a line of code! Beginner-friendly... Read more
jAlbum 13.6 - Create custom photo galler...
With jAlbum, you can create gorgeous custom photo galleries for the Web without writing a line of code! Beginner-friendly, with pro results - Simply drag and drop photos into groups, choose a design... Read more
TextMate 2.0-beta.12.26 - Code/markup ed...
TextMate is a versatile plain text editor with a unique and innovative feature set which caused it to win an Apple Design Award for Best Mac OS X Developer Tool in August 2006. A rapidly growing... Read more
VMware Fusion 8.5.1 - Run Windows apps a...
VMware Fusion 8 and Fusion 8 Pro--the latest versions of its virtualization software for running Windows on a Mac without rebooting--include full support for Windows 10, OS X El Capitan, and the... Read more
Apple Final Cut Pro X 10.3 - Professiona...
Apple Final Cut Pro X is a professional video editing solution.Completely redesigned from the ground up, Final Cut Pro adds extraordinary speed, quality, and flexibility to every part of the post-... Read more
Civilization VI 1.0.0 - Next iteration o...
Sid Meier’s Civilization VI is the next entry in the popular Civilization franchise. Originally created by legendary game designer Sid Meier, Civilization is a strategy game in which you attempt to... Read more

Latest Forum Discussions

See All

Plants vs. Zombies Heroes guide: How to...
Plants vs. Zombies Heroes might look cute and cuddly, but it's actually a very complex deck builder that requires a lot of time to master. While there's a bit of a learning curve, it's easy for people of any skill level to have fun with the game. | Read more »
Roofbot: Puzzler On The Roof (Games)
Roofbot: Puzzler On The Roof 1.0.2 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.2 (iTunes) Description: Guide Roofie through gorgeous, meditative rooftops and try to get the right color energy balls into the... | Read more »
The 4 best food delivery apps
As the temperatures continue to drop, so does the motivation to venture outside. Sometimes you still want to eat a nice meal from that sushi place down the road though. Thankfully in these trying times, there are a number of fine food delivery... | Read more »
Toca Life: Farm (Education)
Toca Life: Farm 1.0 Device: iOS Universal Category: Education Price: $2.99, Version: 1.0 (iTunes) Description: Work and play the farmer's way! Milk your cow, gather eggs from your hens and raise your crops. Have a picnic, play the... | Read more »
The Lost Shield (Games)
The Lost Shield 1.0.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0.0 (iTunes) Description: The Lost shield is a brick break/adventure game. You play as a hero who must return a powerful but dangerous magic shield... | Read more »
The Forgotten Room (Games)
The Forgotten Room 1.0.1 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0.1 (iTunes) Description: Play as paranormal investigator John “Buster of Ghosts” Murr as he explores yet another mysteriously creepy house. This... | Read more »
5 Halloween mobile games for wimps
If you're anything like me, horror games are a great way to have nightly nightmares for the next decade or three. They're off limits, but perhaps you want to get in on the Halloween celebrations in some way. Fortunately not all Halloween themed... | Read more »
The 5 scariest mobile games
It's the most wonderful time of the year for people who enjoy scaring themselves silly with haunted houses, movies, video games, and what have you. Mobile might not be the first platform you'd turn to for quality scares, but rest assured there are... | Read more »
Lifeline: Flatline (Games)
Lifeline: Flatline 1.0.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.0 (iTunes) Description: The Lifeline series takes a terrifying turn in this interactive horror experience. Every decision you make could help... | Read more »
Game of Dice is now available on Faceboo...
After celebrating its anniversary in style with a brand new update, there’s even more excitement in store for Game of Dice has after just being launched on Facebook Gameroom. A relatively new platform, Facebook Gameroom has been designed for PC... | Read more »

Price Scanner via MacPrices.net

WaterField Unveils Syde MacBook Pro Touch Bar...
The new WaterField Designs Syde Case for Apple’s new MacBook Pro Touch Bar combines the top-notch laptop protection of a sleeve with the functionality and handsome look of an over-the-shoulder or... Read more
Apple Unveils Redesigned MacBook Pro With Tou...
October 27, 2016 – Apple today introduced the thinnest and lightest MacBook Pro yet, along with a new interface innovation that replaces the traditional row of function keys with a Retina-quality... Read more
Apple Unveils New TV App for Apple TV, iPhone...
October 27, 2016 – Apple today introduced a new TV app, offering a unified experience for discovering and accessing TV shows and movies from multiple apps on Apple TV, iPhone and iPad. The TV app... Read more
Price drops on select refurbished 2015 13″ Re...
Apple dropped prices on select Certified Refurbished 2015 13″ Retina MacBook Pros by as much as $90. An Apple one-year warranty is included with each model, and shipping is free: - 13″ 2.7GHz/256GB... Read more
Apple reveals new next-generation 15″ and 13″...
Apple today revealed their next-generation 15″ and 13″ MacBook Pros. The new models are thinner and lighter than before with a new aluminum design featuring an enhanced keyboard with retina, multi-... Read more
Worldwide Smartphone Shipments Up 1.0% Year o...
According to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, vendors shipped a total of 362.9 million smartphones worldwide in the third... Read more
TuneBand Arm Band For iPhone 7 and 7 Plus Rel...
Grantwood Technology has added the TuneBand for iPhone 7 and 7 Plus to its smartphone armband series. The TuneBand provides a lightweight and comfortable way to wear the iPhone while running,... Read more
1.4GHz Mac mini on sale for $449, save $50
Adorama has the 1.4GHz Mac mini on sale for $50 off MSRP including free shipping plus NY & NJ sales tax only: - 1.4GHz Mac mini (Apple sku# MGEM2LL/A): $449 $50 off MSRP To purchase a mini at... Read more
21-inch 1.6GHz iMac on sale for $999, save $1...
B&H has the 21″ 1.6GHz Apple iMac on sale for $999 including free shipping plus NY sales tax only. Their price is $100 off MSRP. Read more
Macs’ Superior Enterprise Deployment Cost Eco...
IBM’s debunking of conventional wisdom and popular mythology about the relative cost of using Apple Mac computers as opposed to PCs running Microsoft Windows at the sixth annual Jamf Nation User... Read more

Jobs Board

*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
Lead *Apple* Solutions Consultant - Apple (...
# Lead Apple Solutions Consultant Job Number: 52812906 Houston, Texas, United States Posted: Oct. 18, 2016 Weekly Hours: 40.00 **Job Summary** The Lead ASC is an Read more
*Apple* Solutions Consultant - Apple (United...
# Apple Solutions Consultant Job Number: 52812872 Houston, Texas, United States Posted: Oct. 18, 2016 Weekly Hours: 40.00 **Job Summary** As an Apple Solutions Read more
*Apple* Retail - Multiple Positions - Apple,...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
Software Engineering Intern: UI Applications...
Job Summary Apple is currently seeking enthusiastic interns who can work full-time for a minimum of 12-weeks between Fall 2015 and Summer 2016. Our software Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.