On Friday July, 22, 2011, Zarlink Semiconductor Inc. (USA) (OTC:ZARLF), a firm concerned with the deliverance of globally renowned mixed-signal chip technologies for a broad range of communication and medical applications, announced the initiative under taken by its Board of Directors for reviewing their available range of strategic alternatives, with the sole intention of bringing about an enhancement in shareholder value.
Zarlink has refused to provide any updates related to its strategic review process until its Board of Directors has approved upon any specific course of action. It is also unwilling to provide assurance for any respective transaction resulting from the review of strategic alternatives.
The routine business activities of Zarlink will be carried out normally throughout the strategic alternatives process.
Zarlink retains Canaccord Genuity and Royal Bank Capital Markets as its financial advisor contributing their respective independent advice in connection to the review.
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