SAN DIEGO (dpa-AFX) - CSR Plc. (CSRE, CSRXF.PK, CSR.L) Monday said the US Federal Trade Commission has granted early termination of the waiting period under the Hart Scott Rodino Antitrust Improvements Act 1976 for the acquisition of CSR by Qualcomm Global Trading Pte. Ltd. (QCOM), an indirect wholly owned subsidiary of Qualcomm Inc.
This satisfies one of the conditions to completion of the transaction. Completion remains subject to merger control approvals in China, South Korea, Germany, Taiwan and Japan as set out in the previously issued Rule 2.7 Announcement.
The acquisition is expected to close in late summer 2015.
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