Thomson ReutersJanuary 8, 2013 08:52
Jan 8 (Reuters) - British semiconductor materials maker IQE
Plc confirmed it was in advanced talks regarding a
potential "significant" acquisition, following a report
published in the Times on Tuesday.
IQE, which has a market value of about 170 million pounds
($273 million), is in the process of raising 17.5 million pounds
to fund the possible acquisition, the Times reported.
Canaccord Genuity, its broker, is helping IQE sell 70
million new shares at 25 pence each, the newspaper said.