Published: 27 April 1999 16:47 GMT
Acorn Group has agreed to a £270m bid from investment house, Morgan Stanley Dean Witter.
The move will see Acorn shareholders receive two shares in ARM - the chip-designing firm part-owned by Acorn - for every five Acorn shares. The Acorn shares have been valued at 279p each.
The firm said it will also sell its set-top box business to Pace Micro Technology.
Sage 200 Systems Accountant / Sage 200 Management Accountant - Midlands - 45-55K + Car, Share Scheme, Bonus Sage 200 Systems Accountant / Sage 200 ...
To manage the purchase of any equipment to fulfill the infrastructure solution, where costed as purchased and owned by the client within the SO/Bid ...
Northgate, which is owned by private equity company Kohlberg Kravis Roberts (KKR), currently employs over 8,000 staff and operates in 46 countries ...
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